Prior to the outbreak of Covid-19, Papua New Guinea’s banking sector was healthy. Liquidity increased substantially over recent decades, with the liquid asset ratio of commercial banks growing from 40% in 2003 to 49.6% in 2017. However, the pandemic has brought substantial macroeconomic challenges throughout the world, leaving no country unaffected. Although PNG has benefitted from its...
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The economic downturn resulting from lower global commodity prices and the completion of the PNG LNG project means the future of Papua New Guinea must be navigated with care. The country possesses plentiful natural resources, which, given effective management, could provide new revenue to spur diversification, as well as sustainable and equitable growth in all provinces.
Articles & Analysis | What policies are increasing market capitalisation in Egypt? from The Report: Egypt 2020
The Egyptian Exchange (EGX) is one of the oldest stock markets in the Middle East and can be traced back to 1883. It covers the main market, an over-the-counter market and the Nile Stock Exchange (Nilex), the last of which is a market for small and medium-sized enterprises. As of April 2020 there were 218 companies listed on the main market,...
Interviews & Viewpoints | Mohamed Farid Saleh, Chairman, Egyptian Exchange (EGX): Interview from The Report: Egypt 2020
In what ways have the recent economic reforms isolated Egypt from global market trends and volatility?
Articles & Analysis | Will Egypt's capital markets see a boost in return rates? from The Report: Egypt 2020
Egypt’s capital market has been noticeably attracting foreign inflows since the floatation of the Egyptian pound in November 2016, which was part of the country’s economic reform programme agreement signed with the IMF under the $12bn extended fund facility. The currency devaluation was followed by 700 basis-point interest rate hikes, taking...
Interviews & Viewpoints | Hisham Ezz Al Arab, Chairman and Managing Director, Commercial International Bank: Interview from The Report: Egypt 2020
How would you evaluate the capacity of Egypt’s banks to lead the country’s post-Covid-19 recovery?