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
IMF Staff Country Reports, January 18, 2017
Source details
- Canonical URL
- 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
Other formats
Bibliographic details
- Published: January 18, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475566901.002
Program overview
- The 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.
- IMF staff supports the authorities’ request for the EFF arrangement.
- Publication date: January 18, 2017.
- Pages: 83.
- Series: Country Report No. 2017/017.
- Issue: 017.
- Volume: 2017.
- DOI: https://doi.org/10.5089/9781475566901.002.
- Stock No: 1EGYEA2017001.
- ISBN: 9781475566901.
- ISSN: 1934-7685.
Key risks identified
- Implementation risk: Difficulties inherent in implementing a strong and wide-ranging reform program could threaten program success.
- Fiscal risk: Fiscal slippages could undermine the program’s debt sustainability objective.
- Regional/security risk: There is a risk that regional conflicts could intensify and domestic security conditions deteriorate, which could affect confidence, investment, and tourism.
Risk mitigation and program support
- The risks are mitigated by the authorities’ commitment to the program.
- IMF staff endorsement: IMF staff supports the authorities’ request for the EFF arrangement.
Subject areas and keywords
- Subject: Energy subsidies, Expenditure, External debt, Foreign exchange, Public debt, Revenue administration.
- Keywords: ambitious goal, authority, business tax regime, CR, deficit, economy, Egyptian pound, Energy subsidies, Global, government from the overdraft facility, ISCR, licensing regime, overvalued exchange rate, rate, state guarantee.
Availability and formats
- Format indicated: PDF.
- Also available in العربية.
International Monetary Fund. Middle East and Central Asia Dept. "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", IMF Staff Country Reports 2017, 017 (2017).
Content in this bundle
- Country Report