Arab Republic of Egypt:First Review Under the Stand-By Arrangement and Monetary Policy Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt
First Review Under the Stand-By Arrangement and Monetary Policy Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt
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Volume/Issue:
Volume 2021
Issue 007
Publication date: January 2021
ISBN: 9781513566214
$18.00
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Business and Economics , Exports and Imports , Health and Fitness , Economics- Macroeconomics , Public Finance , ISCR , CR , consumer price index inflation , consumer price inflation , internal audit mechanism , expenditure control process , inflation expectation
Summary
The growth impact of the COVID-19 crisis has so far been less severe than expected, as strong consumption helped offset weak tourism and investment. Measures taken to address the health and social needs and support the sectors most directly affected by the crisis appear to have helped mitigate the impact of the shock. External market conditions have improved with a strong return of portfolio inflows since the approval of the Stand-By Arrangement (SBA).
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