Cairo – Mubasher: Egypt has paid back $4 billion to African Export–Import Bank (Afreximbank) of a total debt of $5.2 billion, governor of the Central Bank of Egypt (CBE) Tarek Amer told Alborsa News.
The CBE has paid $2 billion of AFREXIMBANK‘s total loan of $3.2 billion, and another $2 billion as a value of the agreement of repurchasing government securities, Amer added.
Amer had previously said that Egypt has paid off $17 billion of its foreign debts and liabilities since flotation of the Egyptian pound, and would pay $8 billion before the end of 2017.
The CBE had previously announced that Egypt’s foreign debt rose by 7% quarter-on-quarter to $79 billion in the fourth quarter of the previous fiscal year from $73.9 billion.
