European Parliament Library

Arab Republic of Egypt :, 2010 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Arab Republic of Egypt

Abstract
This 2010 Article IV Consultation highlights that Egypt has weathered the global financial crisis relatively well and financial market pressures have eased after the initial outflow. Equity prices plateaued in recent months, after having recovered over half of the losses since the April 2008 peak. Egypt’s sovereign spreads tightened during 2009 and, in early 2010, remain well below their pre-Lehman levels. Reducing the fiscal deficit and public debt are key medium term objectives. Egypt’s public debt remains high in comparison with many other emerging market countries
Table Of Contents
Cover; Contents; Staff Appraisal; I. Background and Analysis: Crisis Management; Boxes; I. Spillovers of the Global Crisis to Egypt; II. Changing Policy Gears Post-Crisis; II. Potential Output Growth in Egypt; III. Improving Medium-Term Growth Prospects; A. Managing a Large Fiscal Adjustment; III. Energy Subsidies in Egypt; IV. Successful Fiscal Adjustments Around The World: Lessons for Egypt; B. A More Competitive Economy; V. Financial Sector Reform Priorities for Egypt; Tables; 1. Selected Macroeconomic Indicators, 2005/06-2010/11
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (58 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786612848131

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