Prime Minister Mostafa Madbouly outlined the objectives of the National Narrative for Economic Development roadmap, highlighting the government's plans to reduce debt to 80% or 81% by the end of fiscal year (FY) 2025/2026.

Egypt’s foreign debt edged up 1.5% quarter-on-quarter (QoQ) to $155.204 billion during the first quarter (Q1) of the current fiscal year (FY) 2024/2025, compared to $152.885 billion at the end of FY2023/2024.

Egypt’s external debt dropped to $152.885 billion at the end of June 2024, compared to $164.728 billion at the end of June 2023.

Egypt’s external debt dropped by more than $15 billion in six months, reflecting the government’s reform efforts, Prime Minister Mostafa Madbouly announced.

Egypt will introduce significant tax reforms and measures to attract investments next September, Prime Minister Mostafa Madbouly revealed.

Egypt’s external debt service surged to $23.8 billion in the first nine months of the fiscal year (FY) 2023/2024, compared to $17.8 billion in the same period a year earlier, according to data released by the Central Bank of Egypt (CBE).

Egypt's external debt has seen its biggest drop in history, decreasing by over $14.17 billion from $168.03 billion in December 2023 to $153.86 billion at the end of May.

Egypt’s external debt surged by around $3.51 billion in the fourth quarter (Q4) of 2023, hitting $168.034 billion.

Egypt’s external debt inched down by 0.38% month on month (MoM) during the fourth quarter (Q4) of fiscal year (FY) 2022/2023, according to data from the Central Bank of Egypt (CBE).

Egypt's external debt hit a record high in the second quarter (Q2) of fiscal year (FY) 2022/2023, after declining for two quarters