Egypt's External Debt Declines 4% to $46.1 Bn in Sep. 2015Source: www.export-egypt.com 12/7/2015, Location: Africa |
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Egypt's external debt decreased by 4 percent to US$46.1 billion at the end of September 2015, compared with $48.1 billion at the end of June 2015, according to November 's central bank bulletin.
The decline of Egypt's external debt was mainly traced to the rise in net repayment of loans and facilities during July/Sept. 2015/2016, the central bank explained. Debt service (medium- and long-term) registered $2.4 billion during July/Sept. 2015/2016 (principal repayments registered US$2.2 billion and interest payments US$0.2 billion), the central bank added. Egypt's external debt to GDP decreased to 12.6 percent at the end of September 2015, from 13.3 percent at the end of September 2014, the bulletin showed. Meanwhile, Egypt's total domestic debt rose by 5 percent to LE2.1 trillion ($270 billion) at end of June 2015, compared with $2 trillion at end of March 2015. |
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