Egypt's external debts dropped to $28,192,000,000
Egypt, Economics, 5/10/2000

Egypt¹s external debts dropped to $28,192,000,000 at the end of last January against $28,761,000,000 by the end of last December and against $32,965,000,000 in the fiscal year 1994/1995,according to the the monthly economic periodical issued by the ministeryof Economy and Foreign Trade.

According to the periodical, the majority Egypt¹s external debts are soft medium-and long-term loans.

The periodical stressed that egypt fullfills its obligations,as regards instalements or interest rates of the debts,according to set timetables.

Experts estimate that Egypt¹s external debts fall within the safe monetary limits according to international standards .

Medium-and long-term external debts decreased to $25,852,000,000 by the end of last January as compared to$ 26,421,000,000 by the end of last December.

Short -term loans amounted to $1,759,000,000 by the end of last january and the private sector¹s debts are estimated at $581 million.

On another plane,the reserve in the Central Bank by the end of last January hit $15,176,000,000 as against $15,632,000,000 by the end of last December.

Revenues of Suez Canal by the end of last Januaryhit $160,900,000 against $160,300,000 by the end of last December.

The number of tourists by the end of last February hit 403,000 against 337,000 by the end of last January

Previous Stories:
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  $28.5 billion in Egyptian external debts   (3/18/2000)

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