Egypt’s external debt decreased to $152.9bn by the end of June 2024, according to the Central Bank of Egypt (CBE). This represents a decline from $160.607bn at the end of March and $168.034bn at the end of December 2023.
A CBE report released on Monday provided a breakdown of the debt figures. Egypt’s Long-term external debt fell to $126.8bn by the end of June, compared to $138.551bn at the end of December 2023. Short-term debt, meanwhile, stood at $26.24bn, down from $29.482bn.
The report also showed that the total external debt owed by the government dropped to $80.178bn, compared to $84.849bn at the end of December 2023.
Debt owed by the Central Bank of Egypt also declined to $34.668bn, down from $45.314bn at the end of 2023.
Finally, external debt owed by banks reached $20.67bn by the end of June, compared to $20.096bn at the end of 2023.
