According to the data, the schedule outlines $14.7 billion in obligations for the first quarter of the fiscal year, which has already ended, while approximately $15 billion is due in the current quarter.
The World Bank has announced Egypt’s external debt repayment schedule for the current fiscal year, which includes commitments amounting to $60.8 billion to be paid between July 2024 and June 2025.
According to the data, the schedule outlines $14.7 billion in obligations for the first quarter of the fiscal year, which has already ended, while approximately $15 billion is due in the current quarter.
The repayment schedule reaches its peak in the third quarter, starting in January 2025, with $20.59 billion, whereas external burdens decrease to $10.5 billion in the final quarter. This includes $52.8 billion in principal debt and around $8.1 billion in interest.
The Central Bank of Egypt is required to repay $20.8 billion in deposits during the current fiscal year, most of which are typically renewed.
Additionally, the government needs to settle bonds worth $3.3 billion. The repayment schedule includes loans worth $31.04 billion across various entities, with $13.6 billion due from the government, excluding $2.5 billion in loans from the central bank, and around $13.3 billion owed by banks.
Other sectors have loans amounting to approximately $1.7 billion, and the obligations include $4.9 billion in foreign trade facilities.
World Bank data also revealed that the repayment schedule for the next fiscal year includes only $21.7 billion.
Currently, the government is working on securing investment deals with Saudi Arabia, through which it may convert $10 billion in Saudi deposits, most of which are due during the current fiscal year.
Egypt’s external debt decreased to $152.9 billion in the first half of this year, compared to $168 billion at the end of 2023, supported by the Ras El-Hekma deal, which brought in $24 billion to Egypt, alongside the conversion of UAE dollar deposits into Egyptian pounds.
