External Debt and Economic Growth in Egypt

نوع المستند : المقالة الأصلية

المؤلفون

1 Professor of Economics, Faculty of Commerce & Business Administration – Helwan University.

2 Assistant Lecturer in Economics Department, Faculty of Commerce & Business Administration –Helwan University.

المستخلص

This research was mainly conducted to investigate Egypt's external debt problem and its effect on economic growth, with a focus on the post-revolutionary period. The evolution of external debt structure and its indicators over the period (2000-2020) has been studied; also, the economic growth performance was analyzed simultaneously during the same period, which showed that Egypt's external debt has reached a critical point. The primary argument for external debt was to improve the macroeconomic environment to enhance economic growth. However, official data show that since 2016, external debt growth rates were much higher than economic growth, which has not been significant in the last decade. Egypt's external debt, on the other hand, has increased at an unprecedented rate when compared to pre-2011 levels.
 

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