uncertainty related to the pandemic and the pace of vaccinations. High public debt and large gross financing needs leave Egypt …

weak tourism and investment. Measures taken to address the health and social needs and support the sectors most directly …

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 deteriorate from portfolio outflows and the shock to tourism and …

Egypt's hard-won macroeconomic stability achieved during the three-year arrangement under the Extended Fund Facility …2020/21 as tourism has been halted and domestic activity curtailed. The external accounts have come under pressure due to … capital outflows and the shock to tourism and remittances. The authorities responded with a broad package to scale up the …

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 …

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 …

). The paper highlights that Egypt's macroeconomic situation has improved markedly since the initiation of the authorities …