What do you see as the most important priority for stimulating higher levels of growth?
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Interviews & Viewpoints | OBG talks to Hany Kadry Dimian, Minister of Finance from The Report: Egypt 2014
Interviews & Viewpoints | OBG talks to Anis Aclimandos, Chairman, American Chamber of Commerce in Egypt from The Report: Egypt 2014
How can bilateral trade with the US be increased, and what are Egypt’s competitive advantages?
Interviews & Viewpoints | OBG talks to Hassan Fahmy, Chairman, General Authority for Investment and Free Zones (GAFI) from The Report: Egypt 2014
Articles & Analysis | External aid from donors and international organisations continues from The Report: Egypt 2014
Given Egypt’s structural fiscal deficit, and the time required to carry out the necessary reforms to resolve it (see analysis), the nation has been compelled to seek external assistance in order to meet its budgetary commitments. A long-term financing arrangement offered by the IMF in the wake of the 2011 revolution has been the subject of heated political debate over...
Articles & Analysis | Significant subsidy cuts to reduce the budget deficit from The Report: Egypt 2014
Speaking to local press in April 2014, former petroleum minister Osama Kamal summed up the government’s dilemma regarding subsidy reform, “There is no nice time to cut subsidies, but the government has to.” Successive governments have learnt the hard way the costs associated with tampering with Egypt’s unwieldy subsidy system. Anwar Sadat’s attempts in 1977 to reduce...
Articles & Analysis | Expected structural reforms should help to improve the fiscal position, while GDP growth is forecast to rise from The Report: Egypt 2014
With elections over, Egypt’s economy is showing signs of an incipient recovery. After three years of stagnation the IMF anticipates GDP growth will reach 3.5% by 2015, although much of this may be making up for lost time. The new government has outlined an ambitious vision for the future development of the country, and taken the first steps towards solving a structural...