Egypt’s external debt at $125.3 billion by end-September

Egypt’s external debt recorded $125.3 billion at the end of September, up by 1.5 percent compared to $123.5 billion at end of June, central bank data showed on Tuesday.

This increase came as a result of the rise in net disbursements of loans and facilities by $0.4 billion, alongside the depreciation of most currencies of borrowing versus the U.S. dollar by around $1.4 billion, the central bank said in its monthly bulletin.

Egypt’s external debt stock to GDP fell to 33.9 percent, the central bank added.