Foreign Debt

Egypt’s National Dialogue discusses rationalizing public investment spending on 3rd day

Wed, 28 Feb 2024 - 10:50 GMT

Specialists and government representatives have continued to discuss economic challenges on the third day of phase two of the National Dialogue, a platform to exchange perspectives on key political, economic, and social issues.

Egypt pays $2.5B in foreign debt payments within 2 months

Tue, 17 Jan 2023 - 12:35 GMT

The Central Bank of Egypt (CBE) elaborated in a statement, that it paid about $1.5 billion in November, and $1 billion in December 2022.

PM on GERD: Egypt is not against development in Nile Basin countries but projects should not harm its water rights

Mon, 17 Jan 2022 - 11:47 GMT

In an interview with BBC News Arabic, Madbouli said Egypt even told the Ethiopian side of its desire to take part in the construction of GERD.

Egypt's foreign debt rises 15% during 2020

Mon, 12 Apr 2021 - 01:29 GMT

CBE said that Egypt's foreign debt registered $129.195 billion at the end of 2020, compared to $112.67 billion at the end of December 2019.

Egypt's foreign debt rises to $92.64 bln at end-June, PM tells paper

Sun, 09 Sep 2018 - 08:48 GMT

The country’s foreign reserves stood at $44.2 billion at the end of June, and climbed to $44.4 billion by end-August.

Foreign Debt: Not So Scary

Wed, 25 Apr 2018 - 08:00 GMT

While Egypt’s foreign debt has almost doubled in five years to about $81 billion in the first quarter of the fiscal year 2017/18, up from $43 billion in the fiscal year 2011/12, experts agree that it was a lesser of two evils, but warn of its growth pace.

Egypt’s foreign debt increases to $80B: CBE

Wed, 07 Feb 2018 - 02:44 GMT

Egypt’s foreign debts reached $80 billion at the end of September 2017, up from the $79 billion recorded at the end of fiscal year 2016/2017.

Egypt to finish Afreximbank repayments next week

Wed, 06 Dec 2017 - 02:35 GMT

The CBE disbursed $2 billion to the African bank earlier this week.

Egypt to receive $1.5B from WB within 48 hours: official source

Tue, 05 Dec 2017 - 09:01 GMT

Egypt will receive within 48 hours the last $1.5 billion tranche of the World Bank (WB) development loan.

Egypt has never failed to pay off its debts: Finance Min.

Sat, 02 Dec 2017 - 04:14 GMT

Egypt has never failed in repaying its foreign debts on time, Finance Minister Amr el-Garhy told Egypt Today Saturday.

Egypt’s Paris Club debt hikes to $ 3.5B by end of March

Sat, 02 Sep 2017 - 07:00 GMT

Egypt repaid a $670 million six-month premium on the foreign debt owed to the Paris Club.

Egyptian citizen’s share in foreign debts amounts to LE 13,600

Sun, 06 Aug 2017 - 10:23 GMT

Foreign debt hiked $18 billion in nine months to reach $73.9 billion by the end of March of fiscal year 2016/17.

Egypt repays $700M to Paris Club last week

Wed, 12 Jul 2017 - 07:46 GMT

Egypt has paid back $700 million in the last week as a six-month installment on the foreign debt owed to the Paris Club, a senior banking official told Egypt Today on Tuesday.

Egypt to repay $700 million to Paris Club next week

Tue, 27 Jun 2017 - 11:33 GMT

Egypt is scheduled to pay back a $700 million six-month premium on the foreign debt owed to the Paris Club next week

Egypt’s foreign debt jumps $4.4B in two months

Thu, 15 Jun 2017 - 09:39 GMT

Egypt’s foreign debt reached $71.8 billion at the end of February, Minister of Planning Hala El Said announced Thursday.

Foreign debt to Paris Club dropped $200 million by December-end: CBE

Wed, 05 Apr 2017 - 01:42 GMT

Egypt's total debt to Paris Club dropped $200 million to about $3.4 billion at the end of December, down from $3.6 billion at the end of September, according to the Central Bank of Egypt’s (CBE) quarterly report.

Jump in Egypt’s foreign debt “no surprise,” still in safe boundary

Tue, 04 Apr 2017 - 12:00 GMT

Egypt will repay $11.2 billion worth of matured short-term foreign debt by the end of 2017, but some economists argue that it remains in safe boundaries

Egypt’s foreign debt leaps 40% to $67B in 1st half of 2016/17

Mon, 03 Apr 2017 - 01:10 GMT

Egypt’s foreign debt soared to $67 billion by the end of December compared to 48 billion a year earlier.