Egypt's foreign debt rises to $96.6 billion at end of 2018: Central bank

Ahram Online , Wednesday 8 May 2019

Central Bank of Egypt
File photo: Central Bank of Egypt's headquarters is seen in downtown Cairo, Egypt, November 3, 2016. (Reuters)

Egypt’s foreign debt rose to $96.6 billion by the end of 2018, up16.5 percent from the previous year, central bank figures showed on Wednesday.

In December 2017, Egypt’s foreign debt stood at $82.9 billion.

Egypt’s net foreign reserves stood at $44.218 billion at the end of April, having climbed since the country secured a $12 billion three-year International Monetary Fund loan in 2016 as part of efforts to boost the economy.

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