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FINANCIAL NEWS
Egypt’s debt to grow by 21.8 percent of GDP
04 Aug 2016
(MENAFN) Egypt’s external debt will jump to 21.8 percent of GDP in 2019/2020, recoding USD82.2bn.
Accordingly, the country’s debt will grow to 17.5 percent of GDP or USD54.9bn in 2015/2016, compared to 14.5 percent or USD48.1bn in 2014/2015.
In addition, this would increase to USD19bn in FY 2016/2017, compared to USD17.6bn in 2015/2016.
On the other hand, imports are predicted to decline to USD55.3bn this year, compared to USD75.4bn in 2015.
More News
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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