External Debt

Egypt's external debt declines by $206M in Q1 of 2023/24

Sun, 14 Jan 2024 - 04:26 GMT

Egypt's external debt declined to around $164.52 billion at the end of September 2023, compared to about $164.73 billion at the end of June 2023. This marks the second consecutive decline, according to the Central Bank of Egypt (CBE).

Egyptian external debt declines in Q4 FY2022/2023, CBE

Wed, 01 Nov 2023 - 05:04 GMT

According to the report, these numbers include $136.58 billion in long-term debt and $28.15 billion in short-term debt

Egypt's external debt declines to $154.980B by end of 1st quarter of 2022/2023

Tue, 14 Feb 2023 - 03:51 GMT

The long-term external debt recorded about $127.572 billion during the first quarter of the fiscal year 2022/2023, compared to $129.089 billion during the last quarter of the fiscal year 2021/2022.

Egypt's external debt rates "safe", represent 34% of GDP: Kojak

Tue, 06 Dec 2022 - 02:48 GMT

Kojak elaborated that the debt percentage is within safe rates, noting that the state is working to reduce it to 30 percent during the coming period.

Egypt's external debt rises to $145.5 billion by end of 2021

Thu, 21 Apr 2022 - 11:36 GMT

Long-term debt represented the largest share of debt, amounting to $132.7 billion at the end of the second quarter of the current fiscal year, compared to $125.939 billion in the previous quarter of the same year, according to CBE data.

Egypt's external debt records $137.42B

Wed, 05 Jan 2022 - 05:47 GMT

The CBE said that the short-term foreign debt declined by about $2.236 billion to record about $11.480 billion at the end of last September, compared to $13.716 billion at the end of last June.

Egypt highlights external debt decline, institutions positive expectation for state

Sun, 04 Oct 2020 - 03:25 GMT

Egypt succeeded in reversing the external debt curve, to record a decline for the first time in more than 4 years.

Egypt’s external debt rises by $50B, with $350B spent on projects: CBE governor

Mon, 30 Mar 2020 - 03:37 GMT

The foreign reserves have jumped by more than $30 billion, and the procedures implemented in the past years succeeded in increasing the bank balances abroad to reach $19 billion.

Egypt’s external debt rises to $109.36B by end of Sep.

Sun, 19 Jan 2020 - 04:11 GMT

The data revealed that external debts due on Egypt hit $108.699 billion in June 2019.

Capital markets professional slams claims of looming economic 'collapse'

Fri, 28 Jun 2019 - 09:43 GMT

Shams El-Din said that Egypt's external debt has been below the emerging markets average.

Debt-reduction strategy targets growth rate exceeding 6% in 4 years

Mon, 04 Feb 2019 - 08:49 GMT

"The strategy aims to reach 30 percent of the external debt of GDP in 2022," Deputy Finance Minister said.

Egypt's debt to Paris Club is $3.7B: CBE

Sun, 19 Nov 2017 - 10:32 GMT

Egypt will repay $700 million to Paris Club in January 2018, which is a part of a bi-annual installment owed to the group.

Egypt not to raise fuel prices in FY 2017/18: Garhy

Wed, 27 Sep 2017 - 11:44 GMT

Egypt is keen on keeping the external debt within “safe limits” as it is related to what the economy produces, the minister said.

ASA illustrates reasons for surging public debt

Fri, 19 May 2017 - 08:49 GMT

Egypt’s public debt has risen since the government expands in issuing bonds and treasury bills in addition to getting loans to fund a large part of the budget.