Egypt’s external debt increases to $137.9bn in June 2021

Egypt’s external debt increased by about $14.4bn to $137.9bn in June 2021, compared to $123.5bn in June 2020. The increase was a result of the rise in net disbursements of loans and facilities by $12.2bn, alongside the depreciation of the exchange rate of US dollar vis-à-vis other currencies of external debt, leading to an increase of $2.2bn in book value.

Breakdown by Maturity

By original maturity, external debt reaffirmed its pattern of long-term debt predominance in June 2021.

Long-term debt amounted to $124.2bn accounting for 90.1% of the total external debt, whereas short-term debt stood at $13.7bn or 9.9%.

By residual maturity, short-term debt accounted for 26.6% of total external debt in June 2021, compared to 9.9% classified by original maturity. Meanwhile, long-term debt expressed in terms of residual maturity made up 73.4% of total external debt, in comparison to 90.1% based on original maturity.