Egypt's gross external debt plummeted at the end of December to reach $41.5 billion compared to $45.7 billion in December 2013, the Finance Ministry said.
The ratio of the short term debt to the total external debt rose to 8.7% in September 2014 against 8.5% in the same month of 2013, the ministry said in a report.
In Egypt, external debt is a part of the total debt that is owed to creditors outside the country.