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Egypt long-term debt increases to $121.5 billion an increase from $117.2 billion on quarterly basis, despite recovery
Posted on July 26, 2021 |
- Prior to pandemic, Egypt brought down the external debt to GDP ratio by 18 percent in two years and during pandemic Egypt was able to maintain debt levels below 90 percent of the GDP.
- Government is further working to meet the requirements to make domestic market open to foreign investors in order to increase flow of investment and reduce debt