Egypt’s External Debt Falls to US$38.3 bln in Q3-end: CBE

Egypt’s external debt fell to US$38.3 billion at end-March 2013, compared to US$ 38.8 billion by end-December, down by US$ 439 million, according to the latest bulletin from the Central Bank of Egypt (CBE).

Bilateral loans (rescheduled and non-rescheduled) and suppliers’ &buyers’ credit owned by Paris Club member, retreated to US$ 3.661 billion at end-March, compared US$ 3.759 billion at end-December, down by US$ 98 million.

Meanwhile, the country’s total domestic debt rose to around EGP 1.460 trillion by March-end, against EGP 1.380 trillion by December-end, reporting an increase of EGP 80.3 billion.