Cover IMF Staff Country Reports
Buy Book in Print
Arab Republic of Egypt: Request for Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt
Author:
International Monetary Fund. Middle East and Central Asia Dept.
Search for other papers by International Monetary Fund. Middle East and Central Asia Dept. in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2017: Issue 017
Language:
English
Publication Date:
18 Jan 2017
DOI:
https://doi.org/10.5089/9781475566901.002
ISBN:
9781475566901
ISSN:
1934-7685
Pages:
83
Keywords:
ISCR; CR; authority; deficit; Egyptian pound; rate; economy; state guarantee; ambitious goal; licensing regime; overvalued exchange rate; business tax regime; government from the overdraft facility; Energy subsidies; Global
Download PDF (1.4 MB) Download Epub
This paper discusses Egypt’s Request for Extended Arrangement Under the Extended Fund Facility (EFF). The EFF-supported program will help Egypt restore macroeconomic stability and promote inclusive growth. The risks to the program mainly emerge from the difficulties inherent in implementing a strong and wide-ranging reform program. Fiscal slippages could undermine the program’s debt sustainability objective. There is a risk that regional conflicts could intensify and domestic security conditions deteriorate, which could affect confidence, investment, and tourism. These risks are mitigated by the authorities’ commitment to the program. The IMF staff supports the authorities’ request for the EFF arrangement.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund