Egypt’s long-term external debt increased to $90.6 bln in 2019: World Bank

Egypt’s long-term external debt increased to $90.6 bln in 2019: World Bank

Egypt's long-term external debt increased in 2019 to $90.6 billion - up from the $80.6 billion recorded in 2018 - with $90.3 billion of this debt acquired by the public sector, according to the World Bank's international dept statistics report 2021.

According to the report, which was released on Monday amid the International Monetary Fund and the World Bank annual meetings, Egypt's short-term external debt also rose to $11.2 billion in 2019, up from $10.3 billion in 2018.

Egypt's disbursements over the long term fell to $13.3 billion, down from $20.2 billion in 2018, with $15.2 billion constituted by the public sector, as stated in the report.

For the Middle East and North Africa (MENA) the report disclosed that the region's external debt jumped to $340 billion in