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