Egypt’s budget deficit has narrowed sharply over the past year and the high public debt-to-GDP ratio should start to fall back soon. However, the authorities have already missed some of the fiscal targets outlined by the IMF back in January. For now, Egypt has managed to secure a reprieve, but further slippage could yet see tensions between Cairo and the Fund come to the fore.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.