While Egypt continues to face considerable economic challenges as it confronts the legacy of its recent political history, at the outset of 2017 the nation’s economic planners have reason for optimism.
Egypt
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Egypt’s tourism sector has had a difficult few years, but a mix of initiatives from the government, including a new funding strategy and relaxed flight restrictions, could pave the way to recovery.
More details have emerged regarding Egypt’s ambitious programme of economic reform, as the country remains on course to receive the next allocation of a $12bn loan from the IMF to support its efforts.
Economic update | Egypt Year in Review 2016
27 Dec 2016
The acceleration of a long-awaited reform programme and continued economic recovery, particularly in the retail and energy sectors, made 2016 a transitional year for Egypt.
In a bid to boost Egypt’s power generation capacity, government officials are looking to increase production from solar and other renewable energy sources.