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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
The growth impact of the COVID-19 crisis has so far been less severe than expected, as strong consumption helped offset weak tourism and investment. Measures taken to address the health and social needs and support the sectors most directly affected by the crisis appear to have helped mitigate...
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 …
Persistent link: https://www.econbiz.de/10011690770
This 2017 Article IV Consultation highlights that Egypt's reform program, supported by the Extended Fund Facility … widening current account deficit, declining gross international reserves and severe shortages of foreign exchange. Egypt … output and promote inclusive growth to create jobs for Egypt's young and growing population …
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
This paper discusses Egypt's First Review Under the Extended Arrangement Under the Extended Fund Facility (EFF) and …
Persistent link: https://www.econbiz.de/10011756106