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Egypt

Telephone: +20 3 3924420

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Egypt’s $38.7 bln debt repayment in 2024: what comes next?

In 2024, Egypt repaid $38.7 billion in external debt, including a substantial $7 billion in the final two months of the year.

Since launching the first securitization bond issuance in 2021, the company has continued to expand its financial services package.

HC Securities & Investments expected the CBE to keep the current interest rates unchanged despite recent inflation readings.

The Egyptian economy has the ability to face and overcome challenges, the report noted.

Between July and October 2024, remittances increased by 80 percent, from $6.2 billion to $11.2 billion, compared to the same period in 2023.

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