Egypt

The government of Egypt started negotiations with the IMF more than a year ago during Samir Radwan’s term as Minister of Finance. The negotiations continued under his successors, halting and restarting, because of disturbances in politics and national security. In addition, leadership in the Egyptian administration was not fully convinced of the...

Industrial activity remains an economic mainstay in Egypt, with well-established sectors such as textiles, food processing, consumer staples and automotive assembly. Egypt’s large population makes it an attractive market for manufactured goods given robust consumer demand, which is set to increase with the pace of expansion in the overall economy...

The sector was in a significant transitional phase in mid-2012, with overhauls to the national pension and health plans proposed but not in place. With insurers expecting a resumption of legislative progress later in the year, the focus could return to what can be done to boost the insurance penetration rate. With microinsurance on the rise...

The global economic crisis that struck in 2008 propelled Egypt’s main sources of revenue – taxation, remittances, tourism and Suez Canal receipts – into significant declines. The downward trends seen across these important sources of income during 2009 demonstrated that, despites the nation’s relatively robust performance during those difficult...

We will begin a new phase in Egypt’s history and close the page on an abhorrent chapter. We will rewrite a story of glory that echoes back to our wondrous past, a history that belongs to the millennia when Egypt went through eras of prosperity. We will work to avoid reviving the eras of weakness and hardship, for Egypt shall never turn back to...