Arab Republic of Egypt: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Arab Republic of Egypt

December 13, 2007

Preview Citation

Format: Chicago

Arab Republic of Egypt: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Arab Republic of Egypt, (USA: International Monetary Fund, 2007) accessed September 19, 2024

Summary

This 2007 Article IV Consultation highlights that sustained and bold reforms, prudent macroeconomic management, and a favorable external environment enabled the Egyptian economy to register another year of impressive performance. Growth remained high and has become more broad based, creating record numbers of jobs. Inflation has returned to single digits after spiking during the year through March 2007. Strong growth and rising equity and real estate prices have boosted domestic demand. Exports also rose sharply, along with worker remittances, Suez Canal receipts, and tourism revenues.

Subject: Banking, Energy subsidies, Expenditure, External debt, Inflation, Prices, Public debt

Keywords: Broad money growth, Consultation, Consultation informational annex, CR, Energy subsidies, Europe, Float exchange regime, Global, Government decree, Inflation, ISCR, North America, Oil export, Reform, Reform agenda

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/380
Stock No:

1EGYEA2007001
ISBN:

9781451811889
ISSN:

1934-7685

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