To what extent will the global outbreak of Covid-19 affect Egypt’s economic progress?
Egypt
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Articles & Analysis | Counting costs: The Covid-19 pandemic is set to reduce remittance flows, but new technologies and increased competition could ease the impact from The Report: Egypt 2020
The onset of a Covid-19-induced global recession has affected both labour markets and financial flows around the world. At the confluence of these two are remittances, which have increasingly been among the top contributors to GDP in many emerging markets over recent decades. In April 2020 the World Bank predicted that remittances to low- and middle-income countries would see...
Articles & Analysis | Confidence building: A new investment law and efforts to streamline decision-making supports rising foreign investment from The Report: Egypt 2020
Egypt is working to establish itself as a leading destination for foreign direct investment (FDI). These efforts were spearheaded by the promulgation of a new investment law in 2017, which sought to significantly improve the legal framework for investors. While the impact of the legislation appeared to be muted, FDI inflows rebounded in both 2018 and 2019. While the government...
Articles & Analysis | Bridging the gap: Ambitious structural reforms provide strong fundamentals to face the challenges of the Covid-19 pandemic from The Report: Egypt 2020
Prior to the onset of the global Covid-19 pandemic an ambitious programme of economic reform had succeeded in accelerating Egypt’s growth and reducing its fiscal deficit. The creation of a more business-friendly environment and the streamlining of the country’s bureaucracy has seen Egypt rise steadily in global rankings. This progress has, however, been disrupted by the...
Interviews & Viewpoints | Mohamed Maait, Minister of Finance: Interview from The Report: Egypt 2020
What are the key economic priorities following completion of the IMF-backed reform programme?
Articles & Analysis | Weathering the storm: The country's recent economic reforms should help it to mitigate the worst effects of the Covid-19 pandemic from The Report: Egypt 2020
Although the country’s constitution dates from 2014, Egypt has been a presidential republic since the overthrow of the Muhammed Ali dynasty in 1952. Prior to 2019 the president served an initial four-year term, which could then be followed by a second term. However, after a referendum in April of that year, the public voted in favour of...