Egypt’s external debt hits $155.2bln in Q1 FY2024/25

$Egypt\\'s pound notes are pictured in stacks of 100 as employees count money at an exchange office in downtown Cairo June 5, 2014. Amr Abdallah Dalsh$

Egypt's pound notes are pictured in stacks of 100 as employees count money at an exchange office in downtown Cairo June 5, 2014. Amr Abdallah Dalsh

On an annual basis, the country’s external debt dropped by nearly 5.7% from the $164.521 billion recorded in Q1 of the previous fiscal year

Staff Writer, Arab Finance

February 12, 2025

PHOTO
Egypt's pound notes are pictured in stacks of 100 as employees count money at an exchange office in downtown Cairo June 5, 2014. Amr Abdallah Dalsh

Egypt’s foreign debt edged up 1.5% quarter-on-quarter (QoQ) to $155.204 billion during the first quarter (Q1) of the current fiscal year (FY) 2024/2025, compared to $152.885 billion at the end of FY2023/2024, according to data from the Central Bank of Egypt.

On an annual basis, the country’s external debt dropped by nearly 5.7% from the $164.521 billion recorded in Q1 of the previous fiscal year.

Total long-term debt reached $127.538 billion in Q1 FY2024/2025, while short-term debt hit $27.665 billion.

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