Egypt Economy

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What are the ministry’s priorities with respect to restructuring the public sector, and taking steps to improve efficiency and boost profitability?

On August 6 Egypt received the sixth and final tranche of a three-year, $12bn loan programme from the IMF, and the country is now set to build on its legacy.

The Central Bank of Egypt (CBE) has announced plans to sell a stake in one of the country’s state-owned lenders later this year as part of a privatisation drive aimed at boosting public coffers.

Egypt’s economy maintained a strong rate of growth throughout 2018 on the back of increased gas production, with ongoing fiscal reforms helping to reduce the budget deficit and provide a strong platform for future expansion.

Fluctuations in market conditions and an increase in geopolitical tension over trade have seen Egypt delay the sell-off of shares as part of its public offering programme (POP).

What impact has the currency flotation had on the banking sector, and what can we expect for 2018? 

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