Egypt has repaid $10 billion in foreign debt since the beginning of 2022

June 9, 2022 11:15

The Central Bank of Egypt announced that Egypt has paid about $24 billion since the beginning of this year, of which $10 billion is external debt, and $14 billion is owed to foreign funds.

The bank explained – in a statement today – that these amounts were directed to repay outstanding international loans and bonds, which reflects Egypt’s commitment to pay all dues on time.

Earlier this week, the Central Bank announced the payment of an outstanding external debt estimated at about two billion dollars during the month of May, including the entitlement of coupons for government bonds and dues in favor of the International Monetary Fund, in addition to other obligations.

Egypt paid $25.2 billion in debt interest and debt installments during the period from July 2020 to September 2021, including $19.93 billion in debt installments, and $5.35 billion in paid interests.

Source: wam