Reports are swirling of yet more delay to the latest review of Egypt’s IMF deal, the central bank is preparing to meet in a pressurised market environment and speculation about a sovereign default isn’t going away.
Deputy Chief Emerging Markets Economist Jason Tuvey and Middle East and North Africa Economist James Swanston held a special briefing about what the Egyptian government needs to do to get the country’s economy back on track. During this 20-minute briefing, Jason and James will be answered client questions about the economic and policy outlook as they addressed key issues, including:
- Why Egypt’s IMF deal is being held up;
- The elephant in the room – whether the pound will be devalued;
- Whether fears of an eventual sovereign default are justified.