Egypt aims for external borrowing ceiling of $14.326 billion in FY 2019-2020: Govt document

Reuters , Thursday 1 Nov 2018

Center Bank
File Photo: Central Bank of Egypt's headquarters is seen in downtown Cairo (Photo: Reuters)

Egypt is aiming for an external borrowing ceiling of $14.326 billion (£11.13 billion) in the 2019-2020 financial year, a government document seen by Reuters on Thursday showed.

The country expects total foreign debt to reach $102.863 billion and aims to repay $10.326 billion to foreign lenders in the 2019-2020 financial year, the document showed.

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