In Part I of this two-part series, we analysed macroeconomic developments in Egypt since the November 2016 devaluation. Part II highlights challenges still facing the Egyptian economy.
We tackle the following questions:
- Egypt has had an encouraging economic adjustment period on the back of which the IMF released the second instalment of USD 1.25B, part of a USD 12B IMF loan approved in 2016. What macro challenges still remain?
- How has the tourism sector performed especially since the recent security attacks, and how do the tourist numbers compare to pre-2011 levels?
- The focus is now on attracting FDI, which jumped by 39% in 1H 2017 to USD 4.3B. How will that, along continued GCC support buttress Egypt’s role in fighting radicalism in the region?
The Country Views series shines the spotlight on specific developments in MENA countries, analysing them from a local perspective to deliver forward looking views for businesses and investors.
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