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Egypt Economy
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Since the election of President Abdel Fattah El Sisi in 2014, Egypt’s economic policy has been centred on reducing public sector costs and boosting private sector growth. Five years after Egypt began to implement a comprehensive reform of its economy, the nation’s macroeco-nomic indicators are showing sustained improvement. However, while accelerating growth and a narrowing fiscal deficit have...
Chapter | Country Profile from The Report: Egypt 2019
Egypt gained independence in 1922 with the end of the British protectorate, but it has operated as a presidential republic since the 1952 revolution. President Abdel Fattah El Sisi is the current leader and has served since June 2014, while the current prime minister and head of government in office since June 2018 is Mostafa Madbouly. The country’s economy has struggled since the 2011...
As Egypt is the most-populous Arab nation and third-most populous in Africa, population pressure is driving the nation’s economic agenda, with an estimated 3.5m young Egyptians entering the labour force by 2023. Recent years have seen an array of public initiatives aimed at encouraging private sector activity, but these remain hampered by a challenging economic backdrop and structural hurdles.
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.
Economic update | Egypt: Year in Review 2018
22 Jan 2019
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.