Arab Republic of Egypt: Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt

September 1, 2020

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Arab Republic of Egypt: Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt, (USA: International Monetary Fund, 2020) accessed September 20, 2024

Summary

The COVID-19 pandemic has drastically disrupted people’s lives, livelihoods, and economic conditions. Growth is expected to slow considerably in both 2019/20 and 2020/21 as tourism is at a standstill and domestic activity is expected to significantly slow. The external accounts are expected to deteriorate from portfolio outflows and the shock to tourism and remittances, resulting in an urgent balance of payments need.

Subject: COVID-19, Credit, Currencies, Debt service, External debt, Health, Money, Public debt, Revenue administration

Keywords: Balance of payments gap, COVID-19, CR, Credit, Debt, Debt service, Debt sustainability assessment, Egypt, Executive board discussion, Fund GRA credit, Global, Hard-won macroeconomic stability, Investor confidence, ISCR, Support

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/271
Stock No:

1EGYEA2020002
ISBN:

9781513556093
ISSN:

1934-7685

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