A recent report from the CBE detailed the breakdown of the debt figures. Long-term external debt fell to $126.8 billion by June, compared to $138.551 billion in December 2023.
Egypt set a target to reduce inflation to less than 10% by the end of 2025, Madbouly confirmed
The CBE's report also highlighted a decrease in Egypt’s overall external debt, which fell to $160.6 billion by March 2024 from $164.5 billion in September 2023.
The value of portfolio investments that flowed into Egypt exceeded that of investments that exited, recording net inflows of $14.6 billion.
