#Foreign Debt
Central Bank of Egypt (CBE) figures have shown that Egypt’s foreign debt jumped 40.8 percent year-on-year to $US 67.32 billion in December. The size of Egypt's foreign debt has increased by $US 19.52 billion in 2016. Egypt’s economy has been suffering since the 25 January 2011 uprising. In 2016, the Egyptian government started negotiations on a $US 12 billion from the International Monetary Fund (IMF) and secured it in an attempt to ease dollar shortage. Egypt has already received the…
