The Central Bank of Egypt (CBE) revealed on TUesday that the volume of external debt owed by Egypt decreased to $155.708bn by the end of June 2022, compared to $157.801bn at the end of March — a decrease of about $2.093bn.

The CBE explained in a recent report that the volume of long-term external debt recorded $129.089bn, compared to $131.359bn — a decrease of $2.27bn — while the volume of short-term debts amounted to $26.619bn, compared to $26.441bn — an increase of $178m.

According to the bank, the external debt owed by the government was $82.275bn, compared to $83.171bn — a decrease of $896m.

It added that the volume of external debts owed by the CBE amounted to about $40.881bn, compared to $41.861bn — a decrease of $980m — while the volume of debts owed to banks amounted to $17.714bn, compared to $17.425bn — a decrease of $200m.

The CBE indicated that there are debts owed by other sectors that were not listed, which amounted to about $14.837bn, compared to about $15.342bn — down by about $505m.