Egypt cabinet reshuffle, Saudi Vision 2030

This week’s cabinet reshuffle in Egypt has largely kept the status quo as the government seeks to affirm to the IMF and foreign investors its commitment to macro orthodoxy, whilst changes alongside the reshuffle signalled an effort to jump-start structural reforms. Elsewhere, Saudi Arabia is readying a refresh of its Vision 2030 reform programme which, as we have long argued, is needed to bolster the Kingdom’s economic diversification efforts.