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
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This 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. The risks to the program mainly emerge from the difficulties inherent in implementing a strong and wide-ranging reform program. Fiscal slippages could undermine the program’s debt sustainability objective. There is a risk that regional conflicts could intensify and domestic security conditions deteriorate, which could affect confidence, investment, and tourism. These risks are mitigated by the authorities’ commitment to the program. The IMF staff supports the authorities’ request for the EFF arrangement.
Series:
Country Report No. 2017/017
Subject:
Energy subsidies Expenditure External debt Foreign exchange Public debt Revenue administration
English
Publication Date:
January 18, 2017
ISBN/ISSN:
9781475566901/1934-7685
Stock No:
1EGYEA2017001
Pages:
83
Please address any questions about this title to publications@imf.org