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Egypt's debt challenges hindered by ongoing borrowing
Egypt is facing a continuous increase in its external debt, which rose from $163.7 billion to $163.9 billion during the last quarter of the previous year. This upward trend is expected to continue despite commitments to repay installments and interest. Experts indicate that the increase in new loans from international institutions, along with the impact of currency fluctuations such as the euro, are contributing to the rising debt levels, even as the government efforts to meet its international obligations persist. The ongoing borrowing through new loans is part of the debt accumulation problem, while official reports discuss the scale of the commitments and government measures to ensure the repayment of future debts.
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