Egypt’s central bank pays $ 8.6 billion of foreign debt

Media in Cairo, 7 June 2018
The Central Bank of Egypt paid 8.6 billion dollars of foreign debt during the period from July to December last year 2017.
The central bank pointed out that $ 7.5 billion of the debt repayment value of $ 1.1 billion represents debt interest.
According to the Central Bank’s report, the ratio of debt to GDP in safe borders according to international standards.
Egypt received a $ 8 billion loan from the IMF as well as other external financing bonds for its commitment to international financial institutions and the success of its financial policies.