The Egyptian government is entering a new phase of rationalizing expenses, postponing new projects budgeted in dollars, and spending solely on essential needs.
Browsing: egyptian economy
The Egyptian Minister of Planning and Economic Development, Hala El-Saeed, reviewed the preliminary indicators of the country’s economic performance from July through September.
The International Monetary Fund announced the deliverance of USD 1.6 billion to the country, concluding a USD 5.2 billion agreement. The organization reemphasized the sound prospects for the Egyptian economy, expected to grow 2.8% in the current fiscal year and 5.2% in the next.
