Arab Republic of Egypt: Selected Issues

IMF Staff Country Reports, January 22, 2018

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Arab Republic of Egypt: Selected Issues

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Bibliographic details

• Published: January 22, 2018
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781484338186.002

Main findings

• Past growth was characterized by a suboptimal allocation of the factors of production and a lack of dynamism in the private sector.
• Main constraints to private sector-led growth and higher employment generation were identified (constraints not enumerated on this page).
• Improved macrostability and a strong political commitment to reforms have already created an opportunity to pursue further structural reforms.

Policy recommendations and reform priorities

• Shift Egypt’s economic model toward increased private sector participation and integration into global value chains.
• Remove distortions to the optimal allocation of resources in the economy.
• Equip the labor force with the skills needed to benefit fully from future job opportunities.
• Implement reforms that help better integrate women and youth into the job market.
• Intensify private sector-led growth and job creation and strengthen trade integration through continued structural reforms.

Context and reform progress

• The authorities have embarked on a reform program to address the challenges identified, and important steps have already been taken (details of steps are in the full report).
• The paper emphasizes leveraging improved macroeconomic stability and political commitment to deepen reforms that enhance private-sector dynamism and employment.

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