The Egyptian government announced steps to tackle its economic crisis, including a shift to a more flexible exchange rate regime and accompanying interest rate hikes -- but will it be enough?
Our Emerging Markets team held a briefing on whether the announcement will clear the way for a loan agreement with the IMF and put the country on a more sustainable economic path. They addressed key areas, including:
- How far will the Egyptian pound fall?
- What would an IMF deal entail?
- Will a weaker currency fuel public debt concerns?