Egypt’s external debt surges 14.8% in year-June

Egypt’s external debt rose 14.8 percent to $123.5 billion in the year to end-June, central bank data showed on Monday.

The external debt was $108.7 billion at the end of June 2019.

Long-term debt also increased to $112.6 billion at the end of June 2020, while short-term debt fell to $10.9 billion, the data added.