Wed, 2020-09-02 02:05
CAIRO: The Central Bank of Egypt has announced, for the first time in years, a fall in the country’s external debt.
Figures for the first quarter (Q1) of the year showed the deferred payments total to be standing at $111.3 billion compared to $112.7 billion in Q4 of 2019.
A central bank report said the ratio of external debt to the gross domestic product decreased to 31.7 percent, which is considered a safe amount according to international standards.
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