Egypt owes $26 billion in foreign debt
The Egyptian government rejected rumors stating that Egypt intends to delay foreign debt payments. Egypt’s foreign debts are valued at $26 billion and their installment repayments are estimated at one billion dollars, reported Al-Hayat .
Egyptian Prime Minister Atef Obeid asserted that Egypt will not postpone any debt installment or debt interest cost repayments. On the contrary, he stressed, each repayment will be prepared at least one month before its due date. — (menareport.com)
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