Egypt’s external debt records $168.03bln in Q4 2023

A vendor sells juice for people to break their fast during the Muslim holy month of Ramadan at sunset outside Bab al-Futuh (Gate of Conquests), one of the three remaining medieval gates of the old city walls of Cairo built at the end of the 11th century, on March 30, 2024. (Photo by Khaled DESOUKI / AFP) Agence France-Presse (AFP)
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This increase came after a drop of about $840 million during the past two quarters of the current fiscal year (FY) 2023/2024

Staff Writer, Arab Finance

April 1, 2024

PHOTO
A vendor sells juice for people to break their fast during the Muslim holy month of Ramadan at sunset outside Bab al-Futuh (Gate of Conquests), one of the three remaining medieval gates of the old city walls of Cairo built at the end of the 11th century, on March 30, 2024. (Photo by Khaled DESOUKI / AFP) Agence France-Presse (AFP)

Egypt’s external debt surged by around $3.51 billion in the fourth quarter (Q4) of 2023, hitting $168.034 billion, Asharq Business reported, citing data from the Ministry of Planning and Economic Development.

This increase came after a drop of about $840 million during the past two quarters of the current fiscal year (FY) 2023/2024.

In Q3 2023, the country’s external debt stood at $164.52 billion.

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