Marketing-Börse PLUS - Fachbeiträge zu Marketing und Digitalisierung
Marketing-Börse PLUS - Fachbeiträge zu Marketing und Digitalisierung
print logo

Egypt’s external debt fell by US$12.9 billion in 2024

Egypt’s external debt dropped $12.9 bn in 2024 to $155.1 bn—the largest annual fall ever—driven by CBE reforms and timely bond repayments.
07.04.25 | Source: Egypt Independent

Reforms led by the Central Bank of Egypt (CBE) contributed to the country’s largest ever decline in external debt in 2024, recording a decline of approximately US$12.9 billion year-on-year to $155.093 billion by the end of December, compared to $168.034 billion in 2023, according to data from the Ministry of Planning, Economic Development, and International Cooperation.


According to statements by Prime Minister Mostafa Madbouly, debt has returned to safe levels thanks to the reform measures implemented over the past year.


Debt balances are expected to continue declining this year, especially as Egypt commits to making payments on time and finalizes a comprehensive plan to manage this issue.


This plan aims to reduce debt by at least $1.5 to 2 billion through the issuance of bonds within a carefully considered and specific framework.

continue reading at Egypt Independent
FREE NEWSLETTER