#debt reduction
Egypt's external debt declined significantly in the third quarter of fiscal year 2023/2024, reflecting the government's ongoing efforts to manage the nation's debt burden amidst challenging economic conditions. According to recent data from the Central Bank of Egypt (CBE), the external debt decreased by USD1.3 billion, bringing the total to USD 163.3 billion as of March 2024. This reduction marks a significant shift in Egypt's financial strategy, as the country continues to navigate the economic impact of global challenges, including…
