Cairo – Mubasher: Seven countries accounted for 51% of Egypt’s external debt in the fiscal year 2014/15.
Each of Saudi Arabia, Kuwait and UAE came in the top with 37.3%, followed by Germany, Japan, USA and France with 6%, 4.6%, 4.2% and 3.1% respectively, according to a recent report compiled by Central Bank of Egypt.
Egypt’s external debt amounted to $47.8 billion by the end of December 2015, down from $48.1 billion a year earlier.
International financial institutions accounts for 27% of Egypt’s debts, where the World Bank accounts for 9.8$, European Investment Bank accounts for 3.4%, while African Development Bank accounts for 3.6%.
