Arab Republic of Egypt: 2021 Article IV Consultation, Second Review Under the Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt

Arab Republic of Egypt: 2021 Article IV Consultation, Second Review Under the Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt
Author: International Monetary
Publisher: International Monetary Fund
Total Pages: 108
Release: 2021-07-22
Genre: Business & Economics
ISBN: 1513592041

The economic and social impact of the COVID-19 pandemic over the past year has been well-managed by the authorities. Timely and prudent fiscal and monetary easing shielded the economy from the full brunt of the crisis, while alleviating the health and social impact of the shock. Sound economic policies helped deliver macroeconomic stabilization, safeguard debt sustainability, and preserve investor confidence. While growth is expected to rebound in FY2021/22, the outlook is still clouded by uncertainty related to the pandemic and the pace of vaccinations. High public debt and large gross financing needs leave Egypt vulnerable to external shocks or changes in financial market conditions for EMs. Near-term fiscal and monetary policies should thus continue to support the recovery without accumulating undue imbalances.

OECD Economic Surveys: Egypt 2024

OECD Economic Surveys: Egypt 2024
Author: OECD
Publisher: OECD Publishing
Total Pages: 161
Release: 2024-02-23
Genre:
ISBN: 9264804811

Growth has held up better in Egypt than in neighbouring countries until recently but inflation has reached very high levels and financing conditions have tightened along with foreign currency shortages. In this context, Egypt is stepping up economic reform efforts.

COVID-19 and Foreign Aid

COVID-19 and Foreign Aid
Author: Viktor Jakupec
Publisher: Taylor & Francis
Total Pages: 361
Release: 2022-11-24
Genre: Political Science
ISBN: 1000787419

This book provides a timely, critical, and thought-provoking analysis of the implications of the disruption of COVID-19 to the foreign aid and development system, and the extent to which the system is retaining a level of relevance, legitimacy, or coherence. Drawing on the expertise of key scholars from around the world in the fields of international development, political science, socioeconomics, history, and international relations, the book explores the impact of the COVID-19 pandemic on development aid within an environment of shifting national and regional priorities and interactions. The response is specifically focused on the interrelated themes of political analysis and soft power, the legitimation crisis, poverty, inequality, foreign aid, and the disruption and re-making of the world order. The book argues that complex and multidirectional linkages between politics, economics, society, and the environment are driving changes in the extant development aid system. COVID-19 and Foreign Aid provides a range of critical reflections to shifts in the world order, the rise of nationalism, the strange non-death of neoliberalism, shifts in globalisation, and the evolving impact of COVID as a cross-cutting crisis in the development aid system. This book will be of interest to researchers and students in the field of health and development studies, decision-makers at government level as well as to those working in or consulting to international aid institutions, regional and bilateral aid agencies, and non-governmental organisations.

Feeling the Heat: Adapting to Climate Change in the Middle East and Central Asia

Feeling the Heat: Adapting to Climate Change in the Middle East and Central Asia
Author: Mr. Christoph Duenwald
Publisher: International Monetary Fund
Total Pages: 110
Release: 2022-03-30
Genre: Business & Economics
ISBN: 1513591096

Climate change is among humanity’s greatest challenges, and the Middle East and Central Asia region is on the frontlines of its human, economic, and physical ramifications. Much of the region is located in already difficult climate zones, where global warming exacerbates desertification, water stress, and rising sea levels. This trend entails fundamental economic disruptions, endangers food security, and undermines public health, with ripple effects on poverty and inequality, displacement, and conflict. Considering the risks posed by climate change, the central message of this departmental paper is that adapting to climate change by boosting resilience to climate stresses and disasters is a critical priority for the region’s economies.

Arab Republic of Egypt

Arab Republic of Egypt
Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
Total Pages: 52
Release: 2022-07-26
Genre: Business & Economics
ISBN:

The Executive Board approved a 12-month Stand-By Arrangement (SBA) on June 26, 2020, to support the Egyptian authorities’ response to the COVID-19 pandemic. The SBA, at 184.8 percent of quota, was part of a two-step support strategy that was preceded by a purchase under the Rapid Financing Instrument on May 11, 2020, at 100 percent of quota. Both reviews of the SBA were concluded on time and all program conditionality was met. The arrangement expired on June 25, 2021.

Harnessing Sovereign Wealth Funds in Emerging Economies toward Sustainable Development

Harnessing Sovereign Wealth Funds in Emerging Economies toward Sustainable Development
Author: Mona Mostafa El-Sholkamy
Publisher: Cambridge University Press
Total Pages: 134
Release: 2022-08-04
Genre: Business & Economics
ISBN: 100919819X

Sovereign Wealth Funds are government investment vehicles that have been present for decades. They are usually characterized by minimum information disclosure, however, this situation differed after worldwide events shed light on the role they possess to mitigate their downturns. The substantial economic influence they bring along due to their size and long term impact have recently created an uproar of debate that eventually led to the ratification of the Santiago Principles. The Principles set the stage for governing SWFs' operations and grant them more clarity. They also contribute to a more stable environment for cross-border investment flows. With the importance of SWFs, emerging economies also rose as key institutional investors; only this time they called for harnessing their funds towards sustainable development investment strategies. Despite pressuring need to improve transparency and governance structures of SWFs in EMs, the former are regarded as promising means for achieving the sustainable development goals.

International Monetary Fund Annual Report 2021

International Monetary Fund Annual Report 2021
Author: International Monetary Fund. Secretary's Department
Publisher: International Monetary Fund
Total Pages: 74
Release: 2021-10-04
Genre: Business & Economics
ISBN: 1513568817

A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.

International Monetary Fund Annual Report 2017

International Monetary Fund Annual Report 2017
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 114
Release: 2017-10-05
Genre: Business & Economics
ISBN: 1484306147

During the past financial year, the IMF’s 189 member countries faced a number of pressing challenges. IMF work on these challenges - slower trade, declining productivity, gender inequality, inclusive growth, and debt management - is a central focus of this 2017 Annual Report.

Chad

Chad
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
Total Pages: 42
Release: 2013-09-09
Genre: Business & Economics
ISBN: 1484324072

This paper analyzes the effect of an IMF Staff-Monitored Program for Chad to enhance economic development. Weak institutional capacity and governance concerns have limited economic development and donor support in Chad. It is highlighted that the reduction in the nonoil primary deficit envisaged in the 2013 budget appears appropriate, but expenditures linked to the regional security situation and lower than anticipated oil revenues imply large financing needs. There are significant economic and political risks to program implementation,; the regional security situation remains volatile, and the economy is highly dependent on volatile oil revenue.