Egypt’s external debt rises nearly 5% in one year

The country's external debt increased by 1.5 percent compared to the second quarter figure of $162.9 billion.

The total long-term debt reached $136.4 billion in Q3 (January-March 2023), up from $132.7 billion in Q2 (October-December 2022).

Meanwhile, the short-term debt slipped to nearly $29 billion in Q3 from $30.2 billion in Q2.

Short-term debts are debts that mature within a year, while long-term debts have maturities that exceed that time frame.