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Egypt repays $700m to Paris Club

: Wednesday, July 09 - 2014 @ 00:33

Hisham Ramez, governor of Egypt’s central bank has said the country has paid $700m of its debt to the Paris Club on Friday, Reuters has reported. By the end of December 2013 Egypt’s debt to the Paris Club was $3.7bn, Ramez said. Egypt’s total external debt stood at $6.5bn as of December 2013, or 15.5% of GDP, compared with $5.6bn in December 2012, or 14% of GDP.

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Wednesday, July 9- 2014 @ 0:33 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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