Egypt’s foreign debts estimated at $25 billion

The Egyptian Prime Minister, Atef Ubeid, estimates the value of the Egypt’s total foreign debts at $25 billion, in addition to two billion dollars of private sector debts, reported Al-Hayat . The annual cost of the debts, including installments and interest fees, stands at 1.2 billion Egyptian Pounds. Ubeid added that the government can borrow no more than $1.2 billion. — (menareport.com) 

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