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Egypt’s external debt declined to around USD 164.52 billion at the end of September 2023, compared to about USD 164.73 billion at the end of June 2023. This marks the second consecutive decline, according to the Central Bank of Egypt (CBE)
Egypt’s external debt declined to around USD 164.52 billion at the end of September 2023, compared to about USD 164.73 billion at the end of June 2023. This marks the second consecutive decline, according to the Central Bank of Egypt (CBE).
The long-term external debt accounted for the majority – 81.6 percent – of the total debt, reaching approximately USD 134.25 billion at the end of September. In contrast, short-term debt represented about 18.4 percent, totaling USD 30.27 billion at the end of September, alleviating the burden of debt repayment.
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Government external debt, constituting over 50 percent of the total external debt, saw a decrease of about USD 901 million during the first fiscal quarter. The total balance decreased to approximately USD 82.527 billion at the end of September, reflecting a 1 percent quarterly decrease.
The external debt of Egyptian commercial banks, comprising 12.7 percent of the total debt, decreased by about USD 73 million, reaching a total of USD 20.905 billion at the end of September, a 0.34 percent quarterly decrease.
