The Central Bank of Egypt building in the new Administrative capital. Photo courtesy of FEB website.
The released external debt figure includes $126.86 billion in long-term debt and $26.02 billion in short-term debt.
The government’s share in the external debt recorded 52 percent, amounting to $80.17 billion, including $27.69 billion in bonds and $51.39 billion in loans.
Furthermore, the CBE accounted for 23 percent of external debt, recording $34.66 billion. Banks in Egypt made up 13.5 percent of the debt, registering $20.67 billion.
The country's overall debt decreased by approximately seven percent in FY2023/2024 to 89 percent of the GDP, down from 95.70 percent in FY2022/2023.
Egypt’s external debt-to-GDP ratio recorded 98 percent in FY2022/2023.
The government targets reducing the external debt-to-GDP ratio to about 88 percent in FY2024/2025.
Moreover, Egypt is committed to reducing its high debt levels to below 80 percent of the GDP by FY2026/2027, as part of its $8 billion loan programme with the International Monetary Fund (IMF), which is set to conclude in September 2026.
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