The Arab world’s second largest-economy, with the GDP of $229bn in 2011 according to the World Bank, has faced exceptional economic circumstances since the start of its political transformation 18 months ago. Despite a slowdown from the roughly 7% annual growth rate posted for the seven years prior to, Egypt showed a relatively robust 4.7% GDP expansion for the 2008/09 financial year.
From the affairs of the ancient Mediterranean world through Ottoman times to today’s modern Middle East, Egypt has long been a dominant player in the politics and economics of the region. While the challenges to the country’s economic growth remain significant, planners within the MoF and Ministry of Economic Development can take solace from the fact that the diversification of Egypt’s economy grants them some room for manoeuvre.
Farouk El Okdah, Governor, Central Bank of Egypt (CBE), on pragmatic crisis management
Hatem Soliman, International Partner, Helmy, Hamza & Partners (Baker & McKenzie), on the liberalisation of the Egyptian economy
Mohamad Talaat, Member of the Management Committee, Helmy, Hamza & Partners (Baker & McKenzie), on investment regulations
Hussein Choucri, Chairman and Managing Director, HC Securities & Investment, on Egypt and the IMF
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