Egypt paid $25bn of debts in 2 years

Egypt paid about $25 billion of its debt installments and their due interests from late March 2017 to the end of March 2019, the Central Bank of Egypt (CBE) said on Wednesday.

The paid debts included $21 billion as debt installments and the rest as debt interests, said the CBE in its monthly report. Egypt's foreign debt rose to $06.2 billion by the end of March 2019, compared to $88.2 billion in the same period last year, according to CBE data released earlier in August.

Meanwhile, the domestic debt currently exceeds 4 trillion Egyptian pounds (about 248 billion dollars). In the first quarter of 2019, Egypt paid $3.04 billion dollars of debts, including $2.1 billion dollar as installments and 946.6 million dollars as interests.