Cairo - Mubasher: Data from the Central Bank of Egypt (CBE) showed a rise in external debt by around $7.17 billion (EGP 130.3 billion) during the fourth quarter of 2016.
External debt has reached $67.3 billion compared to around $60 billion by the end of September, the CBE said in its monthly report.
The external debt ratio to GDP reached 37.6% in last December compared to 13.6% in December 2015.
Egypt received the first tranche of the International Monetary Fund (IMF) $12 billion loan in the fourth quarter of 2016, which amounted to $2.75 billion, as well as $1 billion from the World Bank, and $500 million from the African Development Bank (AFDB).
Short-term debts also increased by around $3.9 billion to $11.9 billion, as per the data of the CBE.
