Publication: Egypt - Country Assistance Evaluation
Date
2008-06
ISSN
Published
2008-06
Author(s)
Thomas, Vinod
Abstract
Between fiscal 1999 and fiscal 2007, the
period under review in this Country Assistance Evaluation
(CAE), Egypt's economic performance improved
substantially, particularly after 2004, following
improvements in economic management, structural reforms, and
correction of the exchange rate. The GDP growth rate
averaged about 5 percent per year over this period, rising
to almost 7 percent in 2006 and 2007, translating into a per
capita income growth of almost 3 percent per year, a strong
performance. Future Bank strategy should reflect
Egypt's middle-income status by including a flexible
lending program and an emphasis on knowledge services,
including reimbursable technical assistance. The Bank can
further strengthen the recent successful partnership by: (i)
identifying direct and indirect interventions that could
help reduce income disparities through improving the
targeting of social safety nets; (ii) focusing analytic work
on macroeconomic analysis and income disparities, and
improving its dissemination; (iii) pursuing further
financial sector reforms and promoting reforms that
indirectly combat corruption (public financial management,
simplification of taxation and business procedures, and an
information act); and (iv) emphasizing sectoral strategies
and policy and institutional reforms in infrastructure and energy.
Citation
“Thomas, Vinod. 2008. Egypt - Country Assistance Evaluation. IEG Fast Track Brief. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/6a49fe8e-6e02-5514-9528-9a990e1b20b9 License: CC BY 3.0 IGO.”