Between October and December 2024, the external debt service was split into around $1.86 billion in interest payments and approximately $11.49 billion in principal repayments.
Egypt paid approximately $13.4 billion in foreign debt service during the second quarter of the current fiscal year 2024/2025, up from $7.95 billion in the first quarter, according to a recent report by the Central Bank of Egypt (CBE).
Between October and December 2024, the external debt service was split into around $1.86 billion in interest payments and approximately $11.49 billion in principal repayments.
The CBE report also showed that Egypt’s external debt-to-GDP ratio reached 42.9% by the end of Q2, compared to 40.8% at the end of Q1 of the same fiscal year.
Moreover, Egypt’s total external debt slightly declined to $155.09 billion by the end of Q2, down from $155.2 billion in Q1, and significantly lower than $168.03 billion recorded in Q2 of the previous fiscal year 2023/2024.
