Egypt’s external debt drops $1.4bn in Q1-20

Cairo – Mubasher: Egypt’s foreign debt declined by $1.4 billion to $111.3 billion at the end of March, compared to $112.7 billion in December 2019, according to data released by the Central Bank of Egypt (CBE).

External debt to gross domestic product (GDP) ratio slid to 31.7% at the end of March, within the safe limits and in line with the international standards, data showed on Monday.

Mubasher Contribution Time: 01-Sep-2020 07:53 (GMT)
Mubasher Last Update Time: 01-Sep-2020 07:53 (GMT)