The Egypt Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Egypt. It places them in a longer-term and global context, and assesses the implications of these developments and other changes in policy on the outlook for Egypt, especially in the context of the recent political changes in the country.
Its coverage ranges from the macro-economy, to the monetary situation and to indicators of human welfare and development. It is intended for a wide audience, including policy makers, business leaders, financial market participants, and the community of analysts and professionals engaged in Egypt.
The findings, interpretations, and conclusions expressed in this Monitor are those of the World Bank staff and do not necessarily reflect the views of the Executive Board oft木瓜影院 or the governments they represent.
The Central Bank of Egypt (CBE) has undertaken exchange rate and monetary policy adjustments since March 2022 by allowing the exchange rate to depreciate and by raising key policy rates, in order to contain the widening trade deficit, capital reversal and the ensuing drop in foreign exchange buffers.
The Egyptian economy continues to show the resilience it has displayed throughout the COVID-19 pandemic, due to the macroeconomic and energy sector reforms it has implemented in recent years, along with measures taken to ease monetary conditions, provide selected sectoral support, and mobilize external financing.
The COVID-19 pandemic is causing the most severe global health and economic crisis in at least seven decades. In Egypt, the disruptions caused by the pandemic started in March 2020, and has since interrupted a period of macroeconomic stability, characterized by relatively high growth, improved fiscal accounts, and a comfortable level of foreign reserves.
Egypt Economic Monitor, July 2019- From Floating to Thriving: Taking Egypt’s Exports to New Levels
Confronted with pervasive macroeconomic imbalances and microeconomic distortions, the Government of Egypt (GOE) started in 2016 to move forward with important reforms to stabilize the economy and restore confidence. This report looks at an important aspect of the economy’s competitiveness: export performance and integration into global markets.
Egypt Economic Monitor, Spring 2015: Paving the Way to a Sustained Recovery
Egypt’s economic activity is gaining momentum. Growth accelerated to 5.6% during the first half of FY15, compared to a dismal 1.2% in the same period last year. The recent spike in economic activity reflects favorable base effects, but more importantly broad based sector recovery, especially in tourism and manufacturing.
Last Updated: Dec 19, 2022