Central Bank of Egypt. Ahram Gate.
The released external debt figure includes $136.58 billion in long-term debt and $28.15 billion in short-term debt.
The government’s share in the external debt recorded 50.65 percent, amounting to $83.43 billion, including $29.48 billion in bonds and $53.95 billion in loans.
Furthermore, the CBE accounted for 26.48 percent of external debt, recording $43.62 billion. Banks in Egypt made up 12.73 percent of the debt, registering $20.98 billion.
According to CBE’s data, the debt-to-GDP ratio reached 40.3 percent in Q4 FY2022/2023.
Egypt is required to pay $29.23 billion in external debt service in 2024, $19.43 billion in 2025, and $22.94 billion in 2026.
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.
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