The Maghreb – which principally comprises Algeria, Libya, Mauritania, Morocco and Tunisia – has been hard hit by the coronavirus, but the pandemic has also sparked innovation and driven changes in the region that many hope will outlast Covid-19.
Africa Economy
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As the coronavirus pandemic continues to pose multiple challenges for governments, development banks are playing an important role in aiding the recovery in emerging markets.
Articles & Analysis | Will reforms help Egypt handle 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,...
Articles & Analysis | What new investment laws mean for foreign investment in Egypt 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...
Articles & Analysis | Will Covid-19 reduce remittance flows in Egypt? 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...
Articles & Analysis | How Egypt's development strategy is guiding economic recovery from The Report: Egypt 2020
The Egypt Vision 2030 strategy is more of a statement of broad economic intent than a precise roadmap. However, against the backdrop of the global Covid-19 pandemic and with government policy focused on short-term mitigation efforts, the document provides as a useful reminder of the nation’s long-term economic ambitions. Launched in 2016, the...