External Debt
Deputies approved payment of 171 million dollars to 2001 debt holders
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The Chamber of Deputies gave preliminary approval to an agreement with two funds litigating since the 2001 default. The initiative obtained 139 votes in favor and 97 against.
The Central Bank of Egypt announced that the government repaid $6.442bn in external debt service during the first quarter of the 2025/2026 fiscal year. The total includes $2.078bn in interest payments and $4.363bn in principal repayments. This compares to $7.952bn in the same period of 2024/2025.
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The International Monetary Fund has reached a staff-level agreement with Ethiopia on the fourth review of its $3.4 billion Extended Credit Facility arrangement. This agreement paves the way for a $261 million disbursement, bringing total financial assistance to $2.13 billion. The IMF urged continued forex reforms and fiscal discipline to support economic stability.