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Egypt paid $355 million in debts
Egypt, Economics, 2/1/2000
The volume of Egypt's external debt retreated at the end of December 1999 as the debts' value nearly reached $18.7 billion in comparison to $29 million in September.
Ismail Hassan, governor of Egyptian Central Bank, asserted in statements to ArabicNews.com that Egypt paid $355 million dollars to the countries of the Paris Club which hold nearly 74.9% of the total debts.
He added that Egypt is constant in paying the debts' installments and interest on time and that Egypt paid nearly $800 million last year, while the use of loans and facilities reached nearly $300 million in the framework of limiting external borrowing.
Previous Stories:
Mubarak presses on with wide ranging economic issues
(1/4/2000)
Egypt backs up UK campaign to reform WTO
(12/7/1999)
Egypt confirms continuing BOT projects
(11/16/1999)
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