Egypt Economy

Chapter | The Guide from The Report: Egypt 2019

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As Egypt is the most-populous Arab nation and third-most populous in Africa, population pressure is driving the nation’s economic agenda, with an estimated 3.5m young Egyptians entering the labour force by 2023. Recent years have seen an array of public initiatives aimed at encouraging private sector activity, but these remain hampered by a challenging economic backdrop and structural hurdles.

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As the global economy faces a significant downturn, funds in Egypt are looking to bolster the start-up ecosystem to ensure innovative firms are supported.

Several positive macro-economic developments gave the Egyptian economy a boost in 2019.

What are the ministry’s priorities with respect to restructuring the public sector, and taking steps to improve efficiency and boost profitability?

On August 6 Egypt received the sixth and final tranche of a three-year, $12bn loan programme from the IMF, and the country is now set to build on its legacy.

 

GOVERNMENT OFFICES Cabinet 2793 5000 Ministry of Commerce & Industry 2792 1176 Ministry of Communications & Information Technology 3534 1010 Ministry of Defence & Military Production 2260 2566 Ministry of Education & Technical Education 2796 3273 Ministry of Electricity & Renewable Energy 2401 2361 Ministry...

 

LANGUAGE: Arabic is the official language of Egypt, and the Egyptian dialect is widely understood and spoken throughout the Middle East. People from more socio-economically advantaged segments of society often speak either English or French, and the use of these languages has been spreading. Newspapers, books and public information are...

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