According to its monthly bulletin, the Central Bank of Egypt (CBE) paid $17.77bn in interest and installments of external debts during the first three quarters of the fiscal year 2023/2022, which ended in March 2023.
The CBE said that the external debt service was distributed as follows: $4.784bn in the first quarter, $7.154bn in the second quarter, and $5.835bn in the third quarter.
The CBE also reported that the installments of external debts amounted to $3.229bn in the first quarter, $5.843bn in the second quarter, and $3.734bn in the third quarter.
The interest payments on external debts reached $1.555bn in the first quarter, $1.311bn in the second quarter, and $2.101bn in the third quarter.
The CBE added that the external debt to GDP ratio was about 38.5% at the end of March 2023.
