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					                              Table ( 34 ): Balance of Payments (cont'd) - Capital Account
                                                                                          Annual Profile
                                                                                                                                                                                           (US $ Million)
                                                                                                                                                                         Jul - Sep                  Jul - Sep
                                                                 2000/01             2001/02            2002/03         2003/04 #         2004/05 #
                                                                                                                                                                     2004/2005 #               2005/2006 1/

Capital & Financial Account                                           -542                 -964             -2,734           -5,016                  3,378                 -1,411                      1,809

    Direct Investment Abroad                                            -27                 -15                 -30              -156                     -39                      -5                       -19
    Direct Investment in Egypt (net)                                    509                 428                 701               407           ** 3,902                        775                    1,947
    Portfolio Investments Abroad                                          -5                  -3                -16               113                  541                         73                       79
    Portfolio Investments In Egypt (net)                                261                 999               -405               -226                  831                         39                  2,579
         of which: Bonds 2/                                               --                954               -218               -148                     26                        9                  2,786

Other Investments (net)                                             -1,280            -2,373                -2,983           -5,155                  -1,857                -2,292                     -2,777

    Net borrowing                                                      268                  -71                144           1,509                   1,001                         77                       -40
         Medium and long-term loans                                    -559                -585               -587               -642                  -784                    -251                        -396
            Drawings                                                    268                 340                 645               791                  728                      194                        120
            Repayments                                                 -827                -925             -1,231           -1,433                  -1,512                    -445                        -516
         Medium Term Suppliers' Credits                                -112                -207               -340                 68                  -526                     -72                         -51
            Drawings                                                     77                 261                    43             550                     86                        6                        2
            Repayments                                                 -189                -468               -383               -482                  -612                     -77                         -53
         Short Term Suppliers' Credits (net)                            939                 721              1,070               2,083                2,310                     399                        407
   Other assets                                                     -2,281            -1,862                -3,068           -5,705                  -3,180                -2,093                     -2,294
         CBE                                                            -17                   21                -32                -21                    23                       -1                        6
         Banks                                                       1,034                  227               -493           -2,593                  -2,172                    -900                    -1,550
         Other                                                      -3,298                -2,110            -2,542           -3,090                  -1,031                   -1,193                       -749
   Other liabilities                                                   734                 -439                 -59              -959                  323                     -275                        -444
     CBE                                                                495                    7                    4              -17                     0                        1                        2
     Banks                                                              238                -446                 -63              -943                  323                     -276                        -445

Net errors & omissions                                                -296                 -107              1,337           1,440                   -1,811                    -174                        -324

Overall balance                                                       -871                 -456                546               -158                4,478                     -103                    1,812
Source: Central Bank of Egypt.
# Figures revised by the Central Bank of Egypt.

** Includes US$ 2638 million FDI in the petroleum sector.

1/ Preliminary.
2/ Beginning November 2003, CBE reclassified Eurobond item (issued July 2001 , worth US$1.5 billion) to become a component of net portfolio investment in Egypt instead of its previous
classification as a net borrowing item. Bond figures above exclude amounts held by resident institutions.



                                           Fig ( 27 ) : External Sector Selected Indicators (Percent of GDP)
                                                                               1991/1992 - Jul-Sep 2005/06
           15          9.5
           10
                                                        1.3                                                                                                             4.3             5.0
             5                                                                 2.4                                                            -0.5         0.7
                                                                                                                                                                                                     1.8
                       6.4                                                                                                                                                               3.3
             0                                                                                           -2.3
                                                                                                                                                           2.4         -0.2                          0.3
   (%)




            -5                                          0.6                     0.2                         -1.9                              0.7
                                                                                                                                                                                                    -3.1
          -10
                                                                                                                                              -8.8         -8.2
          -15                                                                                                                                                          -10.0       -11.6
                                                       -13.1                                                        -11.6
          -20       -14.7                                                                   -13.9
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                                              Trade Balance                                 Current Account Balance                                        Overall balance

Source: Central Bank of Egypt.

1/ In percent of full year GDP.

				
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