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Egypt repays 24 billion dollars to cover debts this year

Egipto, deuda pago
Cairo, Jun 10 (Prensa Latina) Egypt has paid 24 billion dollars for foreign debt since early this year, the Central Bank of Egypt (CBE) announced on Friday.

The CBE stated in a communique that of that amount, 10 billion dollars corresponded to loan repayment and 14 billion dollars for the maturity of international bonds.

The CBE emphasized that this figure reflects the country’s commitment to pay all dues on time.

Earlier this week, the financial institution announced that the country paid about two billion dollars for this concept in May.

According to official data, Cairo cancelled debts and interest worth 25 billion dollars from July 2020 to September 2021.

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