Paris Club
The repayment is a part of a bi-annual installment owed to the group, usually paid in January and July.
A wrap-up of the most prominent business news of the day.
The repayment is a part of a bi-annual installment owed to the group, usually paid in January and July.
Egypt has never failed in repaying its foreign debts on time, Finance Minister Amr el-Garhy told Egypt Today Saturday.
Egypt will repay $700 million to Paris Club in January 2018, which is a part of a bi-annual installment owed to the group.
Egypt repaid a $670 million six-month premium on the foreign debt owed to the Paris Club.
Foreign debt hiked $18 billion in nine months to reach $73.9 billion by the end of March of fiscal year 2016/17.
Egypt has paid back $700 million in the last week as a six-month installment on the foreign debt owed to the Paris Club, a senior banking official told Egypt Today on Tuesday.
Egypt is scheduled to pay back a $700 million six-month premium on the foreign debt owed to the Paris Club next week
Egypt's total debt to Paris Club dropped $200 million to about $3.4 billion at the end of December, down from $3.6 billion at the end of September, according to the Central Bank of Egypt’s (CBE) quarterly report.
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