External Debt
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.
Reported by AI
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.