Egypt Repays USD 7.95 Billion in External Debt in Q1 of FY2024/25
The Central Bank of Egypt reported USD 7.95 billion in debt repayments, as total external debt climbs to USD 155.2 billion.
Egypt repaid USD 7.95 billion in external debt during the first quarter of fiscal year 2024/2025, according to the latest data released by the Central Bank of Egypt (CBE). The repayments consisted of USD 5.61 billion in principal and USD 2.34 billion in interest.
Despite the repayments, Egypt’s total external debt rose to USD 155.2 billion by the end of September 2024, up from USD 152.88 billion in June. However, the figure remains lower than the USD 160.6 billion recorded in March 2024. The external debt-to-GDP ratio climbed to 40.8% in the first quarter, compared to 38.8% in June, and slightly above the 40.7% registered in March.
The CBE’s report also noted a continued improvement in Egypt’s net foreign assets (NFAs), which reached USD 12.5 billion (EGP 632.83 billion) in March 2025, up from USD 12.09 billion (EGP 613.11 billion) in February. NFAs have remained in surplus since May 2024, when they turned positive for the first time since March 2022, then amounting to EGP 458.63 billion.
The figures come as Egypt seeks to maintain foreign currency liquidity while navigating debt obligations amid broader efforts to stabilise its macroeconomic environment.
