
External debt decreases by 10.3% in December: CBE
Decrease due to repaying facilities and loans, as well as fall back on value of most currencies of borrowing versus US dollar
Decrease due to repaying facilities and loans, as well as fall back on value of most currencies of borrowing versus US dollar
Debt has risen unprecedentedly since March 2012, reaching EGP 1.089tn, or 80% of the nation’s GDP, the Ministry of Finance said in a report published in March 2012.
Experts express concerns over Egypt’s alarming internal debt