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.

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 s...

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Detalles Bibliográficos
Autor Corporativo: International Monetary Fund. Middle East and Central Asia Dept
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2017.
Series:IMF Staff Country Reports; Country Report ; No. 2017/017
Acceso en liña:Full text available on IMF
Descripción
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.
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Descrición Física:1 online resource (83 pages)
Formato:Mode of access: Internet
ISSN:1934-7685
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