The increase in the external debt of Egypt by the end...

The increase in the external debt of Egypt by the end...
The increase in the external debt of Egypt by the end...
Egypt’s external debt increased by 12.2% in the last quarter of the previous fiscal year 2019-2020, to reach $ 123.5 billion at the end of last June, compared to $ 111.3 billion in March of this year, according to the Egyptian newspaper Al Mal website Monday.

The fiscal year in Egypt begins on July 1 of each year and ends on June 30 of the following year.

During the last quarter of the previous fiscal year, Egypt obtained two financing from the International Monetary Fund, one with $ 2.8 billion and the other with $ 2 billion.

للمزيد: A new loan from the International Monetary Fund to Egypt … How to benefit from it?

Egypt sold $ 5 billion in bonds on international markets in May as part of measures to support the economy during the Coronavirus pandemic.

للمزيد: After issuing green bonds … a look at Egypt’s sovereign issuances within 4 years

More details about the news

(According to Al Mal newspaper report)

Long-term external debt increased by 11.6% in June to reach $ 112.6 billion by the end of June 2020, compared to $ 101 billion in March 2020.

Short-term foreign debt declined by 5.3% from the same period to $ 10.9 billion, compared to $ 10.3 billion in March.

(Prepared by: Shady Amir, Shady is a journalist for Reuters)

(Editing by Yasmine Saleh, for contact: [email protected])

Zawya Arabi covers economic news and analysis on the Middle East and the Arabian Gulf from Sunday to Thursday, and uses simple Arabic.

© ZAWYA 2020

These were the details of the news The increase in the external debt of Egypt by the end... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Saudi fashion sector on course to hit Vision 2030 targets, princess tells summit