Report

Egypt Economic Monitoring Note, Fall 2012

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collection.link.85
https://openknowledge.worldbank.org/handle/10986/2193
collection.name.85
Economic Updates and Modeling
dc.contributor.author
Laursen, Thomas
dc.contributor.author
Badr, Karim
dc.contributor.author
Zaki, Chahir
dc.date.accessioned
2017-06-13T19:39:13Z
dc.date.available
2017-06-13T19:39:13Z
dc.date.issued
2012-09
dc.date.lastModified
2021-04-23T14:04:40Z
dc.description.abstract
Egypt is in a precarious economic situation reflecting a difficult external environment, political uncertainty, and weak economic policies. International reserves have been declining rapidly to a low level, driven by a sizeable current account deficit and large capital outflows. Large spending increases are driving up the fiscal deficit to unsustainable levels, with high real interest rates and weak growth adding to the mounting debt burden. And weak growth is fueling social pressures. Strong financial support from Arab bilateral donors has been holding the country afloat so far, but the leaking cannot continue much longer and the authorities have been forced to seek support from the International Monetary Fund (IMF) and other donors. Egypt is in a precarious economic situation reflecting a difficult external environment, political uncertainty, and weak economic policies. International reserves have been declining rapidly to a low level, driven by a sizeable current account deficit and large capital outflows. Large spending increases are driving up the fiscal deficit to unsustainable levels, with high real interest rates and weak growth adding to the mounting debt burden. And weak growth is fueling social pressures. Strong financial support from Arab bilateral donors has been holding the country afloat so far, but the leaking cannot continue much longer and the authorities have been forced to seek support from the IMF and other donors.
en
dc.identifier
http://documents.worldbank.org/curated/en/315791468234531470/Egypt-economic-monitoring-note-Fall-2012
dc.identifier.uri
http://hdl.handle.net/10986/27101
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
ACCOUNTING
dc.subject
ASSET RATIO
dc.subject
BALANCE OF PAYMENTS
dc.subject
BANK CREDIT
dc.subject
BANK LIQUIDITY
dc.subject
BANKING SYSTEM
dc.subject
BILL
dc.subject
BONDS
dc.subject
BORROWING COSTS
dc.subject
BUDGET DEFICIT
dc.subject
BUDGET DEFICITS
dc.subject
CAPITAL ACCOUNT
dc.subject
CAPITAL FLOWS
dc.subject
CAPITAL INFLOWS
dc.subject
CAPITAL OUTFLOWS
dc.subject
CAPITAL TO ASSET RATIO
dc.subject
CASH DEFICIT
dc.subject
CDS
dc.subject
CENTRAL BANK
dc.subject
CLARITY
dc.subject
COMPETITIVENESS
dc.subject
CONSOLIDATION
dc.subject
CORE INFLATION
dc.subject
CORRUPTION
dc.subject
COURT RULINGS
dc.subject
CREDIT EXPANSION
dc.subject
CREDIT GROWTH
dc.subject
CURRENCY
dc.subject
CURRENT ACCOUNT
dc.subject
CURRENT ACCOUNT BALANCE
dc.subject
CURRENT ACCOUNT DEFICIT
dc.subject
DEBT
dc.subject
DEBT BURDEN
dc.subject
DEBT RELIEF
dc.subject
DEBT SERVICE
dc.subject
DEPOSIT
dc.subject
DEPOSIT INTEREST
dc.subject
DEPOSIT INTEREST RATE
dc.subject
DEPOSITOR
dc.subject
DEPOSITS
dc.subject
DEPRECIATION
dc.subject
DIRECT INVESTMENT
dc.subject
DISBURSEMENTS
dc.subject
DISCOUNT RATE
dc.subject
DIVIDEND
dc.subject
DOMESTIC BORROWING
dc.subject
DOMESTIC DEBT
dc.subject
DOMESTIC DEMAND
dc.subject
DOMESTIC MARKET
dc.subject
ECONOMIC ACTIVITIES
dc.subject
ECONOMIC ACTIVITY
dc.subject
ECONOMIC OPPORTUNITIES
dc.subject
ECONOMIC POLICIES
dc.subject
ECONOMIC SITUATION
dc.subject
ENROLLMENT
dc.subject
EXCHANGE RATE
dc.subject
EXPENDITURE
dc.subject
EXPENDITURES
dc.subject
EXPORT CAPACITY
dc.subject
EXPOSURE
dc.subject
EXTERNAL BALANCE
dc.subject
EXTERNAL DEBT
dc.subject
EXTERNAL FINANCING
dc.subject
EXTERNAL POSITION
dc.subject
FINANCIAL ASSETS
dc.subject
FINANCIAL MARKETS
dc.subject
FINANCIAL SUPPORT
dc.subject
FINANCIAL SYSTEM
dc.subject
FINANCING NEEDS
dc.subject
FISCAL BALANCE
dc.subject
FISCAL DEFICIT
dc.subject
FISCAL DEFICITS
dc.subject
FISCAL OPERATIONS
dc.subject
FISCAL POLICIES
dc.subject
FOOD PRICES
dc.subject
FOREIGN ASSETS
dc.subject
FOREIGN FINANCING
dc.subject
FOREIGN INDEBTEDNESS
dc.subject
FOREIGN INVESTORS
dc.subject
FOREIGN RESERVES
dc.subject
GOLD
dc.subject
GOVERNANCE INDICATORS
dc.subject
GOVERNMENT DEBT
dc.subject
GOVERNMENT FINANCE
dc.subject
GOVERNMENT FINANCING
dc.subject
GOVERNMENT POLICIES
dc.subject
GOVERNMENT SECURITIES
dc.subject
GROWTH RATES
dc.subject
HIGH INFLATION
dc.subject
HOLDING
dc.subject
ID
dc.subject
IMBALANCES
dc.subject
IMMUNIZATION
dc.subject
IMPORT
dc.subject
IMPORTS
dc.subject
INCOME
dc.subject
INCOMES
dc.subject
INFLATION
dc.subject
INFLATIONARY PRESSURES
dc.subject
INFRASTRUCTURE INVESTMENT
dc.subject
INTEREST PAYMENTS
dc.subject
INTEREST RATE
dc.subject
INTEREST SUBSIDIES
dc.subject
INTERNATIONAL RESERVES
dc.subject
INTERNATIONAL STANDARDS
dc.subject
INVESTMENT SPENDING
dc.subject
LABOR FORCE
dc.subject
LABOR MARKET
dc.subject
LEGAL FRAMEWORK
dc.subject
LENDING INTEREST RATE
dc.subject
LENDING POLICY
dc.subject
LIBERALIZATION
dc.subject
LIFE EXPECTANCY
dc.subject
LIQUIDITY CONDITIONS
dc.subject
LOAN
dc.subject
LOAN QUALITY
dc.subject
LOCAL BANKS
dc.subject
LOCAL GOVERNMENT
dc.subject
MARKET PRICE
dc.subject
MATURITIES
dc.subject
MORTALITY RATE
dc.subject
NEGOTIATIONS
dc.subject
NOMINAL ANCHOR
dc.subject
NON-PERFORMING LOANS
dc.subject
OIL EXPORTS
dc.subject
OUTPUT
dc.subject
OUTPUT GAP
dc.subject
OVERDRAFT
dc.subject
OVERDRAFTS
dc.subject
PENSIONS
dc.subject
POLITICAL INSTABILITY
dc.subject
POLITICAL STABILITY
dc.subject
POLITICAL UNCERTAINTY
dc.subject
POWER OUTAGES
dc.subject
PREPAYMENTS
dc.subject
PRICE HIKES
dc.subject
PRIVATE SECTOR CREDIT
dc.subject
PUBLIC DEBT
dc.subject
PUBLIC EXPENDITURE
dc.subject
PUBLIC FINANCE
dc.subject
PUBLIC FINANCES
dc.subject
RAPID CREDIT EXPANSION
dc.subject
REAL APPRECIATION
dc.subject
REAL EXCHANGE RATE
dc.subject
REAL EXCHANGE RATE OVERVALUATION
dc.subject
REAL INTEREST
dc.subject
REAL INTEREST RATES
dc.subject
RECEIPTS
dc.subject
REFERENDUM
dc.subject
REMITTANCES
dc.subject
REPAYMENTS
dc.subject
RESERVE
dc.subject
RESERVE REQUIREMENT
dc.subject
RESERVES
dc.subject
RETURN
dc.subject
RETURNS
dc.subject
RISK PERCEPTIONS
dc.subject
RULE OF LAW
dc.subject
SAFETY NETS
dc.subject
SALARIES
dc.subject
SAVINGS
dc.subject
SHORT-TERM CAPITAL
dc.subject
SOCIAL PROTECTION
dc.subject
SOCIAL SAFETY NETS
dc.subject
STRUCTURAL REFORMS
dc.subject
SUPPLY SHOCKS
dc.subject
SURPLUS
dc.subject
T-BILLS
dc.subject
TAX
dc.subject
TAX RATE
dc.subject
TAX RATES
dc.subject
TAX REVENUE
dc.subject
TAX REVENUES
dc.subject
TECHNICAL ASSISTANCE
dc.subject
TOTAL EXPORTS
dc.subject
TOTAL EXTERNAL DEBT
dc.subject
TRADE BALANCE
dc.subject
TRADE DEFICIT
dc.subject
TRADING
dc.subject
TRADING PARTNER
dc.subject
UNEMPLOYMENT
dc.subject
UNEMPLOYMENT RATE
dc.subject
URBAN AREAS
dc.subject
WAGES
dc.subject
WITHDRAWAL
dc.title
Egypt Economic Monitoring Note, Fall 2012
en
dc.type
Report
en
okr.date.disclosure
2013-03-28
okr.doctype
Economic & Sector Work :: Economic Updates and Modeling
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/315791468234531470/Egypt-economic-monitoring-note-Fall-2012
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000333037_20130328104908
okr.identifier.internaldocumentum
17496286
okr.identifier.report
76279
okr.imported
true
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/315791468234531470/pdf/762790WP0Box370IC00Egypt0EMN0AM2012.pdf
en
okr.region.administrative
Middle East and North Africa
okr.region.country
Egypt, Arab Republic of
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.topic
Macroeconomics and Economic Growth :: Economic Policy, Institutions and Governance
okr.topic
Macroeconomics and Economic Growth :: Fiscal & Monetary Policy
okr.unit
Development Data Group (DECDG)

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