Arab Republic of Egypt : Staff Report for the 2005 Article IV Consultation

1EGYEA2005001 Image
Price:  $15.00

Release Date: © June, 2005
ISBN : 978-1-45181-184-1
Stock #: 1EGYEA2005001
English
Stock Status: On back-order

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Description

The Arab Republic of Egypt’s 2005 Article IV Consultation reports that the externally driven recovery has gained steam underpinned by a moderate revival in consumption and improved confidence. The Egyptian pound has appreciated, the stock market has reached record highs, and the current account surplus has increased, enabling banks and the Central Bank of Egypt to strengthen their net foreign asset position. The monetary policy did not contain inflation below double-digit rates, and government borrowing and debt remained high.

Taxonomy

Economic policy , Exchange rate policy , Fiscal policy , Foreign exchange , Monetary policy




More publications in this series: IMF Staff Country Reports