Egypt’s foreign debt obligations reached USD 92.6 bn at the end of FY17-18

Egypt’s foreign debt obligations reached USD 92.6 bn at the end of June 2018, or around 37% of GDP, up from USD 79 at the end of June 2017, according to the central bank’s December statistical bulletin report (pdf). The debt-to-GDP ratio at the end of FY2017-18 remained “within the safe limits according to international standards,” the report says. Egypt settled USD 13.2 bn worth of foreign debt during FY17-18.