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As the Central Bank of Egypt (CBE) has attempted to stabilise the country’s currency in recent years, the banking sector has been placed in a challenging position. At the macro level, an overvalued Egyptian pound following the 2011 revolution acted as a brake on investment and undercut economic growth, with the consequence being a reduced...

In March 2019 Prime Minister Mostafa Madbouly issued a set of regulations to govern Egypt’s new sovereign wealth fund (SWF), a LE200bn ($11.2bn) pool of assets wholly owned by the Egyptian government, created as a tool to contribute to the nation’s sustainable economic development. Its formulation has been a slow process. Although plans for...

In comparison to the years before 2011, Egypt’s post-revolutionary period has been defined by political upheaval and dynamism. The country has adopted a new constitution, moved to a unicameral legislature, had two presidents; Mohamed Morsi, who was appointed in the country’s first free presidential election and departed two years later in 2013...

Five years after Egypt began to implement a comprehensive reform of its economy, the nation’s macroeconomic indicators are showing sustained improvement. However, while accelerating growth and a narrowing fiscal deficit have vindicated the government’s austerity measures, a high inflation environment continues to place pressure on the budgets...

In the three decades before the 2007-08 global financial crisis, the world’s financial networks became increasingly interconnected. Financial system regulatory convergence, the growing penetration of World Trade Organisation rules and the creation of currency unions, such as the euro, resulted in a surge in cross-border capital flows....