Home MoneyBanks Egypt repaid over $15 bln in foreign debt in first nine months of 2020

Egypt repaid over $15 bln in foreign debt in first nine months of 2020

by Amwal Al Ghad English
Egypt's central bank Egyptians central bank

Egypt repaid around 15.15 billion in foreign debt in the first nine months of 2020, the central bank said in a monthly report on Tuesday.

The money included $11.947 billion in debt instalments and $3.207 billion as interest.

Egypt’s debt service burden has totalled $6.813 billion – comprising of $5.664 billion as debt instalments and $1.15 billion as interest – during the third quarter of 2020, compared with $3.475 billion in the second quarter of 2020, the report added.

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