The Central Bank of Egypt (CBE) headquarters, Cairo, Egypt. AP
The country is also required to pay $19.43 billion in 2025, including $11.15 billion in H1 and $8.28 billion in H2, noted recent data released by the CBE.
Similarly, the country’s debt service will amount to $22.94 billion in 2026, with nearly $11.46 billion due in H1 and $11.48 billion in H2.
The debt service is expected to decline in 2027 and 2028 as Egypt is required to pay $12.11 billion and $7.5 billion, respectively, the CBE further revealed.
Egypt’s total external debt reached $165.36 billion at the end of March 2023.
In August, Egypt’s foreign asset deficit amounted to nearly $25.92 billion.
The country seeks to collect $191 billion in annual US dollar revenues by 2026.
The country is currently under review for a $3 billion loan agreement with the International Monetary Fund (IMF).
However, the IMF loan deal is currently facing challenges as the completion of the first review, originally scheduled for 15 March, has yet to conclude.