November 1, 2018 / 7:15 AM / 18 days ago

Exclusive: Egypt aims for external borrowing ceiling of $14.326 billion in FY 2019-2020 - government document

CAIRO (Reuters) - Egypt is aiming for an external borrowing ceiling of $14.326 billion (£11.13 billion) in the 2019-2020 financial year, a government document seen by Reuters on Thursday showed.

The country expects total foreign debt to reach $102.863 billion and aims to repay $10.326 billion to foreign lenders in the 2019-2020 financial year, the document showed.

Egypt’s financial year runs from July to June.

Reporting by Ehab Farouk; Writing by Nadine Awadalla; Editing by Clarence Fernandez

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