Table ( 34 ): Balance of Payments (cont'd) - Capital Account 
Annual Profile
(US $ Million)
  1993/94 1994/95 1995/96 1996/97 1997/98 1998/99 1999/00  2000/01 2001/02  2002/03 2003/04  2004/05 *
Capital & Financial Account 2,511 430 1,017 2,041 326 919 -1,199 -542 -964 -2,734 -5,016 3,396
Direct Investment Abroad -36 -48 -15 -47 3,846 -56 -43 -27 -15 -30 -156 -45
Direct Investment in Egypt (net)   1,321 783 627 770 7,411 711 1,656 509 428 701 407
**
3,902
Portfolio Investments  Abroad -- -- -- -- -18,317 -43 -12 -5 -3 -16 113 541
Portfolio Investments In Egypt (net)  3 4 258 1,463 694 -174 473 261 999 -405 -226 831
        of which: Bonds 1/   -- -- -- -- -- -- -- 954 -218 -148 26
Other Investments (net)  1,224 -309 148 -145 6,693 481 -3,273 -1,280 -2,373 -2,983 -5,155 -1,832
     Net borrowing 228 1,084 89 225 5,676 191 492 268 -71 144 1,509 1,001
         Medium and long-term loans 365 303 -75 -113 9,189 -339 -532 -559 -585 -587 -642 -784
             Drawings 645 729 472 416 1,166 273 194 268 340 645 791 728
             Repayments -280 -427 -547 -528 310 -611 -726 -827 -925 -1,231 -1,433 -1,512
        Medium Term Suppliers' Credits -136 -171 -283 -251 6,234 -110 -95 -112 -207 -340 68 -526
             Drawings 214 163 56 77 781 88 236 77 261 43 550 86
             Repayments -350 -334 -339 -328 496 -197 -331 -189 -468 -383 -482 -612
        Short Term Suppliers' Credits (net) -- 953 447 588 1,816 639 1,119 939 721 1,070 2,083 2,310
    Other assets 1,399 -1,406 237 -1,590 395 143 -3,112 -2,281 -1,862 -3,068 -5,705 -3,155
         CBE -- -- -- -- -- -17 -22 -17 21 -32 -21 23
         Banks -- -- -- -- -- 2,126 -198 1,034 227 -493 -2,593 -2,172
         Other  -- -- -- -- -- -1,966 -2,891 -3,298 -2,110 -2,542 -3,090 -1,007
    Other liabilities -404 13 -177 1,221 1,069 147 -654 734 -439 -59 -959 323
      CBE  -- -- -- -- -- -200 -3 495 7 4 -17 0
      Banks -- -- -- -- -- 347 -651 238 -446 -63 -943 323
Net errors & omissions -815 -61 -261 -247 2,712 -1,312 -664 -296 -107 1,337 1,440 -1,812
Overall balance 2,106 754 571 1,913 560 -2,117 -3,027 -871 -456 546 -158 4,478
Source: Central Bank of Egypt.
* Preliminary.
** Includes US$ 2638 millions FDI in the petroleum sector.
1/ 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.
Source: Central Bank of Egypt.