Egypt's external debt records $137.42B

CAIRO - 5 January 2022: Egypt’s external debt declined $439 million at the end of the first quarter of the current fiscal year 2021/2022, recording  $137.420 billion, compared to $137.859 billion in the fourth quarter of the previous fiscal year, according to the Central Bank of Egypt (CBE).

The CBE said that the short-term foreign debt declined by about $2.236 billion to record about $11.480 billion at the end of last September, compared to $13.716 billion at the end of last June.

It added that the long-term foreign debt rose within the three months by $1.757 billion to record about $125.9 billion at the end of September 2021, compared to $124.143 billion at the end of last June.

The central bank indicated that the government’s total foreign debt rose by about $187 million, to reach $82.632 billion at the end of September 2021, compared to $82.445 billion at the end of June 2021.

The total external debt of the Central Bank decreased by $641 million to $24.925 billion at the end of last September, compared to $25.566 billion at the end of last June.

The CBE pointed out that the banks’ total foreign debt recorded about $14.402 billion at the end of last September, compared to $14.39 billion at the end of 2020-2021.

It noted that other sectors’ total foreign debt recorded about $15.460 billion at the end of September 2021, compared to $15.456 billion at the end of June 2021.