Arab Finance: Egypt’s external debt inched down by 0.38% month on month (MoM) during the fourth quarter (Q4) of fiscal year (FY) 2022/2023, according to data from the Central Bank of Egypt (CBE).

The country’s total external debt stood at $164.727 billion in Q4 FY 2022/2023, versus $155.708 billion in Q4 FY 2021/2022.

The government’s debt hit $83.428 billion at the end of June 2023, while the CBE’s foreign debt reached $43.617 billion.

As for the debt of banks operating in Egypt, it totaled $20.978 billion, while the external debt of other sectors amounted to $16.703 billion.

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