Egypt seeks to settle $5.17bln external debts in H1 2022: CBE

Egypt’s external debts rose to nearly $137.859bln at the end of June 2021

  
People walk in front of the Central Bank of Egypt's headquarters at downtown Cairo, Egypt, November 3, 2016.

People walk in front of the Central Bank of Egypt's headquarters at downtown Cairo, Egypt, November 3, 2016.

REUTERS/Mohamed Abd El Ghany

ArabFinance: Egypt is aiming at settling short-term external debts worth $5 billion in the first half (H1) of 2022, Amwal Al Ghad reported, citing a report released by the Central Bank of Egypt (CBE).

The total external debt being repaid by Egypt amounts to around $13.772 billion, the CBE revealed in the report.

The short-term debts due in January 2022 are valued at around $162.93 million, while the debts due in February 2022 are valued at about $3.377 billion, according to the report.

Meanwhile, the short-term debts due in March 2022 amount to $360.3 million, and the debts due in April are valued at about $57.77 million, the CBE said.

The report also mentioned that the value of Egypt’s short-term debts due in June 2022 exceeds $1.138 billion.

It is worth noting that Egypt’s external debts rose to nearly $137.859 billion at the end of June 2021, up by $14.369 billion from $123.49 billion at the end of June 2020.

Copyright © 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From North Africa