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In Egypt, economic challenges since 2016 forced the people to adapt to price hikes. From an economic standpoint, the rising prices drive customer demand lower. To cope, Egyptians are struggling to cut their expenses and find alternatives to pricey commodities and services.
Egypt implements an economic reform programme that aims to provide more job opportunities
Since 2011, political and regional developments have taken a significant toll on the Egyptian economy. Underlying structural challenges and the prolonged political transition led to the build-up of macroeconomic imbalances. A significantly overvalued exchange rate undermined competitiveness and depleted reserves. Weak revenue, combined with poorly targeted subsidies and a growing public sector wage bill, resulted …
The transaction bolsters the liquidity and amount of the foreign currency reserves, says CBE
The cabinet, headed by Prime Minister Sherif Ismail, met with economic experts from different fields Tuesday to promote the economic reform programme. During the meeting, the ministers explained the current challenges and obstacles that Egypt is facing, in order to hear the different opinions on these problems from specialists. The experts did not object to …
The IMF mission chief to Egypt spoke at the IMF and World Bank meetings being held in Washington DC