Arab Finance: 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.