Egypt’s external debt service rises to $23.8bln in 9 months

During the July-March period of last FY, principal and interest payments increased by $3.9bln and $2.1bln

Staff Writer, Arab Finance

August 21, 2024

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Egypt’s external debt service surged to $23.8 billion in the first nine months of the fiscal year (FY) 2023/2024, compared to $17.8 billion in the same period a year earlier, according to data released by the Central Bank of Egypt (CBE).

During the July-March period of last FY, principal and interest payments increased by $3.9 billion and $2.1 billion, respectively.

Egypt’s total external debt recorded $160.6 billion at the end of March 2024, down by around $4.1 billion, compared to the end of June 2023.

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