Cairo - Mubasher: Egyptian public debt installments will exceed EGP 800 billion in fiscal year 2018/2019, according to finance minister Mohamed Maait.
The minister told reports on Thursday that interests will amount to EGP 541 billion, with instalments reaching EGP 276 billion.
Egypt needs to boost economic growth in the upcoming period, however challenges in emerging markets that are raising interest rates and devaluating their currencies are affecting Egypt, especially with the rising trade tensions between the United States and China.
The government will work to ensure the economy’s stability, Maait stressed.
