The economic hit from Egypt’s reforms is prompting officials to reevaluate the timeline for future policy moves under the IMF deal. But given the rise in capital flows from elsewhere, Egypt is better placed to withstand any delays to IMF financing. Elsewhere, the Tunisian government’s efforts to end the central bank’s independence reinforce our concerns that the country is heading towards a messy dinar devaluation and sovereign default. Finally, Saudi’s Crown Prince Mohammed bin Salman met with US Secretary of State Antony Blinken this week instead of attending the BRICS+ summit in a sign that the Kingdom is seeking a balancing role between the US and China.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services