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Egypt Pays $670m Debt To Creditors // Egypte Paie La Dette De 670 Millions De Dollars Aux Créanciers

Egypt Pays $670m Debt To Creditors  //  Egypte Paie La Dette De 670 Millions De Dollars Aux Créanciers
July 07
21:46 2015

The latest payment would have further shrunk Egypt’s total foreign debt, which dropped to $39.9 billion in the third quarter ending in March from $45.29 billion the previous fiscal year.

Egypt paid back $670 million of debt to the Paris Club of creditor countries this month, the central bank governor said on Tuesday. “Egypt is committed to making its foreign debt payments on time,” Hisham Ramez said.

The latest payment would have further shrunk Egypt’s total foreign debt, which dropped to $39.9 billion in the third quarter ending in March from $45.29 billion the previous fiscal year.

The Paris Club comprises 19 creditors selected by the International Monetary Fund.

Central bank statistics showed that Egypt’s debts to the Paris Club countries dropped 18 per cent year-on-year in the third quarter, reaching $3.03 billion. This month’s payment would have reduced that figure further.

Egypt’s domestic debt surpassed 2 trillion Egyptian pounds ($255.59 billion) at the end of the third quarter as the state taps local sources to finance its budget deficit.

FRENCH VERSION

Le dernier paiement serait ont encore diminué dette extérieuretotale de l’Egypte, qui a chuté à $ 39,9 milliards au troisièmetrimestre se terminant en mars à partir de $ 45,29 milliardsl’exercice précédent.

Égypte remboursé $ 670 millions de la dette du Club de Paris despays créanciers de ce mois-ci, le gouverneur de la Banquecentrale a déclaré mardi. « L’Egypte est engagée à effectuer sespaiements de la dette extérieure à temps », a déclaré HishamRamez.

Le dernier paiement serait ont encore diminué dette extérieuretotale de l’Egypte, qui a chuté à $ 39,9 milliards au troisièmetrimestre se terminant en mars à partir de $ 45,29 milliardsl’exercice précédent.

Le Club de Paris comprend 19 créanciers sélectionnés par leFonds monétaire International.

Statistiques de la Banque centrale a montré que les dettes de l’Égypte vers les pays du Club de Paris a chuté de 18 pour centannée sur l’autre au troisième trimestre, pour atteindre $ 3,03milliards. Paiement de ce mois aurait réduit ce chiffre de plus.

Dette intérieure de l’Égypte a dépassé 2 billions de livreségyptiennes ($ 255,59 milliards) à la fin du troisième trimestreque les robinets des sources locales pour financer son déficitbudgétaire de l’État.

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Jide Adesina

Jide Adesina

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