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 Egypts short-term debts due in June 2022 exceeds $1.138 billion.

It is worth noting that Egypts 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.

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