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The Central Bank of Egypt (CBE) said, in a recent report, that the external debt registered US$162.9bn in December 2022, up by about US$7.2bn, compared to June 2022.
The Central Bank of Egypt (CBE) said, in a recent report, that the external debt registered US$162.9bn in December 2022, up by about US$7.2bn, compared to June 2022. This came as a result of the rise in net disbursements of loans and facilities by US$7.2bn and the appreciation of the US dollar exchange rate vis-à-vis the other currencies of the external debt which led to a decrease of $34.6m.
External debt reaffirmed its pattern of long-term debt predominance in December 2022. Long-term debt accounted for US$132.7bn or 81.4% of the total external debt, whereas short-term debt accounted for US $30.2bn or 18.6%.By residual maturity, short-term debt amounted to about US$47bn in December 2022. Meanwhile, long-term debt reached about US$115.9bn.
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Long-term external debt registered US$132.7bn (81.4% of total external debt) in December 2022, up by about US$3.6bn compared to June 2022. Buyers’ and suppliers’ credit reached about US$18.5bn, up by US$2.1bn, as compared to June 2022 and multilateral institutions’ debt reached about US$52.2bn, up by $0.9bn as compared to June 2022. Other bilateral debt 1 amounted to some $11.8bn, up by $654.4m. Repurchase Agreements (Repo) registered about $4.3bn in December 2022, up by $55.9m.
