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World Bank Reports Egypt External Debt Rise
The World Bank has revealed that Egypt's external debt rose to $166.45 billion by the end of June 2026, an increase of $1.68 billion during the second quarter, despite a decline in government, Central Bank, and banking sector debts. Government debt decreased to $82.7 billion, the Central Bank's liabilities fell to $37 billion, and bank debts declined to $23.79 billion, while debts from other sectors increased to $23.4 billion. The government aims to reduce the public debt-to-GDP ratio to 78% by June 2027, with plans to cut external debt by two billion dollars annually. Meanwhile, it successfully reduced the budget deficit by $6.5 billion over three years and diversified funding sources by issuing bonds and sukuk worth $4 billion during the 2025-2026 fiscal year.
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