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This report summarizes key findings and recommendations of two off-site visits made by Mr. Benoit Wiest, Public Financial Management Advisor at METAC, and Ms. Katja Funke, Expert, between December 2020 and April 2021. The mission worked with the Public-Private Partnerships (PPPs) unit to develop...
Persistent link: https://www.econbiz.de/10013168888
uncertainty related to the pandemic and the pace of vaccinations. High public debt and large gross financing needs leave Egypt …
Persistent link: https://www.econbiz.de/10012604307
weak tourism and investment. Measures taken to address the health and social needs and support the sectors most directly …
Persistent link: https://www.econbiz.de/10012439039
The COVID-19 pandemic has drastically disrupted people's lives, livelihoods, and economic conditions. Growth is expected to slow considerably in both 2019/20 and 2020/21 as tourism is at a standstill and domestic activity is expected to significantly slow. The external accounts are expected to...
Persistent link: https://www.econbiz.de/10012302784
Egypt's hard-won macroeconomic stability achieved during the three-year arrangement under the Extended Fund Facility …
Persistent link: https://www.econbiz.de/10012302795
This paper discusses Egypt's Request for Extended Arrangement Under the Extended Fund Facility (EFF). The EFF …-supported program will help Egypt restore macroeconomic stability and promote inclusive growth. The risks to the program mainly emerge … conditions deteriorate, which could affect confidence, investment, and tourism. These risks are mitigated by the authorities …
Persistent link: https://www.econbiz.de/10011690770
This 2017 Article IV Consultation highlights that Egypt's reform program, supported by the Extended Fund Facility … unsustainable policy mix had resulted in low growth and investment, elevated general government debt, an overvalued exchange rate, a … widening current account deficit, declining gross international reserves and severe shortages of foreign exchange. Egypt …
Persistent link: https://www.econbiz.de/10012109189
). The paper highlights that Egypt's macroeconomic situation has improved markedly since the initiation of the authorities …
Persistent link: https://www.econbiz.de/10012011332
Macroeconomic conditions have continued to improve during 2017/18, with external and fiscal deficits narrowing, inflation and unemployment declining, and growth accelerating. The near-term growth outlook is favorable, supported by the recovery in tourism and rising natural gas production, while...
Persistent link: https://www.econbiz.de/10011916062