MENA records fastest accumulation in external debt stocks, Egypt biggest borrower: WB

  • Date: 01-Feb-2020
  • Source: Middle East Observer
  • Sector:Financial Markets
  • Country:Egypt
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MENA records fastest accumulation in external debt stocks, Egypt biggest borrower: WB

In Egypt, net long-term debt inflows rose 13% to $16bn with a 20% fall in inflows from official creditors, primarily the International Monetary Fund (IMF) and regional multilateral institutions in 2018.. Together Egypt and Lebanon absorbed 90% of net long-term debt inflows to the region in 2018 as most countries saw net debt, the report said..