The Central Bank of Egypt revealed that it had borrowed 21 billion pounds (approximately $ 1.3 billion) by offering treasury bonds, in coordination with the Ministry of Finance, to finance the budget deficit, at a time when foreign debt rose until the end of last September to $ 125.3 billion.

The Central Bank had maintained interest rates, justifying its decision to increase the annual general inflation rate for the third month in a row in November and to increasing global concerns about the spread of the new strain of "Covid-19".

In addition, Central Bank data showed an increase in total external debt to about $ 125.3 billion at the end of last September, compared to about $ 123.5 billion at the end of last June, an increase of about $ 1.847 billion.

Egypt has expanded borrowing from abroad through several tools, including the green international bonds that the Egyptian government listed on the London Stock Exchange at the end of last September, at a value of $ 750 million, and international bonds last May, worth $ 5 billion. The International Monetary Fund agreed to disburse a payment of $ 1.6 billion last November, and another $ 1.67 billion last December, as part of a credit readiness facility of $ 5.2 billion.

Source (Al-Araby Al-Jadeed Newspaper, Edited)