Developing countries are interested in borrowing from countries with surplus capital to finance the deficit, ascribed to their inability to reach the desired development rates, ascribe to insufficient domestic savings to finance investment and reach the desired development rates, and their reliance on development policies that exceed the available local savings. Hence the importance of external borrowing as a complement to domestic saving emerged. This allows the state to finance development projects there. The final impact of external loans depends on the efficiency of their usage. In order to achieve high rates of economic growth, investment must be made in development areas that are reflected in the standard of living. The study hypothesis was tested based on World Bank data (2000-2018), this period was chosen, as it witnessed an increase in the volume of foreign loans in Egypt. It also suffered from political and economic instability from the beginning of 2011 to mid-2014, and Egypt implemented the reform program. Economic in 2016. To determine the impact of foreign loans on economic performance indicators, the E-Views program was used, and an equation was developed for the study variables, which are (foreign loans, gross domestic product, exchange rate, inflation, exports, and imports). The results showed that there are direct relationships between foreign loans and economic performance indicators in Egypt.