The key takeaways from a recent briefing with Egypt’s Finance Minister Mohammed Maait are that the government is committed to keeping fiscal policy tight and bringing the government debt-to-GDP ratio back down, but that its reluctant to devalue the currency again. The latter could raise fears that officials will hold on to the currency for too long, storing up a sharper and more disorderly adjustment in the future. We also published our latest Q3 Economic Outlook this week with our latest batch of forecasts for the region.
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