The Central Bank of Egypt (CBE) on Tuesday reported a decrease in Egypt’s external debt, which now stands at $160.607bn as of March 2024. According to the CBE’s report released on Tuesday, the long-term external debt decreased to $135.257bn in March 2024, compared to $138.551bn in 2023. The government’s outstanding external debt followed a similar trend, declining to $82.206bn in March 2024, from $84.849bn in December 2023. The CBE report also highlights other sectors with outstanding external debt, totaling approximately $12.337bn by the end of March 2024. The breakdown includes $12.337bn in long-term debt and $4.824bn in short-term debt.

Source: Daily News Egypt July 03, 2024 03:08 UTC