Financial and Banking News


DHF Says Egyptian Debt Grows to $38.5bn

A report compiled by the IMF in June this year has reported a continuing buildup of arrears on Egypt's debt service, which it estimates to have grown to $4.3bn at mid-year, compared with $800mn four years ago. 60% of the debt service arrears are interest payments. The IMF estimates Egypt's total external debt at $38.5bn at mid-year, compared with $38.29bn last year, including $4.8bn in short...