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CAIRO: Egypt's foreign debt rose to $80.8 billion in the quarter that ended in September, up 2.3 percent compared with three months earlier, central bank data showed on Wednesday.
The ratio of foreign debt to gross domestic product reached 36.2 percent as of the end of September. That is "still within the safe limits according to international standards," the central bank said in a report in December.
In September 2016 Egypt's foreign debt had stood at $60.1 billion.
At the end of last June, the end of the fiscal year, domestic debt stood at 3.1 trillion Egyptian pounds ($176.0 billion).
Egypt's foreign reserves were $38.209 billion at the end of January, having climbed steadily since it secured a $12 billion, three-year, International Monetary Fund loan last year as it tries to lure back foreign investors and revive its ailing economy. ($1 = 17.6100 Egyptian pounds)
(Reporting by Ehab Farouk; Editing by Hugh Lawson) ((mailto:amina.ismail@thomsonreuters.com; +20 2 2394 8114;))
The ratio of foreign debt to gross domestic product reached 36.2 percent as of the end of September. That is "still within the safe limits according to international standards," the central bank said in a report in December.
In September 2016 Egypt's foreign debt had stood at $60.1 billion.
At the end of last June, the end of the fiscal year, domestic debt stood at 3.1 trillion Egyptian pounds ($176.0 billion).
Egypt's foreign reserves were $38.209 billion at the end of January, having climbed steadily since it secured a $12 billion, three-year, International Monetary Fund loan last year as it tries to lure back foreign investors and revive its ailing economy. ($1 = 17.6100 Egyptian pounds)
(Reporting by Ehab Farouk; Editing by Hugh Lawson) ((mailto:amina.ismail@thomsonreuters.com; +20 2 2394 8114;))
