Egypt external debt decreases to $41 billion

The Governor of the Central Bank of Egypt, Hisham Ramez has said that the country’s external debt has decreased to $41 billion.According to a CBE statement on Wednesday, the bank is committed to paying about $2.4 billion in external debt during 2015, including $1.4 billion to Paris Club, in addition to $1 billion to Doha’s deposit maturing in October of the same year.

Egypt has repaid $700 million to the Paris Club in January, and will be paying a similar amount next July, Ramez revealed.

External debt decreased by 2.6 percent to some $44.9 billion at end of September 2014 compared with some $46.1 billion at end of June, according to a CBE data.