World Bank2014-01-062014-01-062013-03https://hdl.handle.net/10986/16502The political situation in Egypt remains highly volatile and uncertain. The political environment is highly fragmented with increasing polarization between the Muslim brotherhood and other less organized factions that include secular and liberal parties as well as supporters of the former regime. At the same time, confrontations between the authorities and the judiciary continue to resurface. Following the controversial assumption of temporary exceptional powers, the president pushed forward a referendum on the new constitution in December which was approved by a small majority but with a low voter turnout. New Parliamentary elections were called in late February to begin in late April, but the election law was subsequently challenged in the courts. This will likely delay elections until August. Meanwhile, the key opposition parties have declared that they will boycott the elections.en-USCC BY-NC-ND 3.0 IGOACCESS TO CREDITADJUSTMENT PATHAPPROVAL PROCESSAPPROVAL RATEARREARSASSET RATIOASSETS RATIOAUCTIONSBALANCE OF PAYMENTSBALANCE SHEETSBANK ASSETSBANKING SECTORBANKING SYSTEMBASIS POINTSBILLBLACK MARKETBOND RATINGBOND RATINGSBONDSBRIDGE LOANBUDGET DEFICITCAPITAL ADEQUACYCAPITAL BASECAPITAL FLIGHTCAPITAL INFLOWSCAPITAL OUTFLOWSCASH WITHDRAWALSCENTRAL BANKCOMMODITIESCOMPETITIVENESSCONSUMPTION GOODSCORRUPTIONCPICREDIT ASSESSMENTCREDIT RATINGCURRENCYCURRENCY DEPRECIATIONCURRENT ACCOUNTCURRENT ACCOUNT BALANCEDEBT LEVELDEBT RELIEFDEBT SERVICEDECLINE IN INFLATIONDEPOSITDEPOSIT RATEDEPOSITSDEVELOPMENT BANKDIRECT INVESTMENTDISBURSEMENTSDISCOUNT RATEDOMESTIC BANKINGDOMESTIC BANKING SECTORDOMESTIC BANKSDOMESTIC CONDITIONSDOMESTIC CREDITDOMESTIC DEBTDOMESTIC DEBT INSTRUMENTSDOMESTIC DEMANDDOMESTIC SECURITYDOWNWARD PRESSUREDRAG ON GROWTHECONOMIC ACTIVITYECONOMIC CONDITIONSECONOMIC ENVIRONMENTECONOMIC POLICIESECONOMIC REFORMSEMERGENCY FINANCINGENROLLMENTEXCHANGE RATEEXPENDITUREEXPENDITURESEXPOSUREEXTERNAL BALANCESEXTERNAL DEBTEXTERNAL DEMANDEXTERNAL POSITIONFINANCIAL ACCOUNTFINANCIAL CRISISFINANCIAL SECTORFISCAL BURDENFISCAL DEFICITFISCAL IMBALANCESFISCAL POLICYFISCAL REFORMSFOREIGN ASSETSFOREIGN EXCHANGEFOREIGN EXCHANGE MARKETFOREIGN EXCHANGE RESERVESGLOBAL DEMANDGOVERNANCE INDICATORSGOVERNMENT BONDGOVERNMENT DEBTGOVERNMENT SECURITIESGROWTH RATEGROWTH RATESHOLDINGHOUSEHOLDSIDIMMUNIZATIONIMPORTIMPORT PRICESIMPORTSINCOMEINCOME TAXINFLATIONINFLATION RATEINFLATION RATESINFLATIONARY PRESSURESINSTRUMENTINTEREST PAYMENTSINTERNATIONAL FINANCIAL INSTITUTIONSINTERNATIONAL RATING AGENCIESINTERNATIONAL RESERVESINTERNATIONAL TRADEINVESTMENT EXPENDITUREISSUANCEJOB OPPORTUNITIESLABOR FORCELIFE EXPECTANCYLIQUIDITYLIQUIDITY RATIOSLOANLOAN CLASSIFICATIONLOW-INCOME FAMILIESMATURITIESMATURITYMONETARY AGGREGATESMONETARY POLICYMONEY GROWTHNON-PERFORMING LOANSOILOIL EXPORTSOIL PRICESOIL SECTOROUTPUTOUTPUT GAPPENSIONSPOLITICAL STABILITYPOLITICAL STRIFEPOLITICAL UNCERTAINTYPORTFOLIOPORTFOLIO INFLOWSPORTFOLIO INVESTMENTSPREPAYMENTSPRICE INCREASESPRICE INFLATIONPRIVATE CAPITALPRIVATE CAPITAL INFLOWSPRIVATE CONSUMPTIONPUBLIC DEBTPUBLIC EXPENDITURESPUBLIC FINANCEPUBLIC FINANCESREAL DEPRECIATIONREAL ESTATEREAL EXCHANGE RATEREAL INTERESTREAL INTEREST RATESRECEIPTSRECURRENT EXPENDITUREREFERENDUMREFORM PROGRAMREMITTANCESREPAYMENTREPAYMENTSREPOSRESERVERESERVESRULE OF LAWSAFETY NETSAVINGSSELF-FINANCINGSLOWDOWNSMART CARDSSOCIAL SAFETY NETSOCIAL SECURITYSOVEREIGN BONDSOVEREIGN RATINGSTATE OF EMERGENCYSTRONG CURRENCYSTRUCTURAL REFORMSSUPPLY CONDITIONSSURPLUST-BILLST-BONDSTAXTAX EXEMPTIONSTAX HIKESTAX INCREASESTAX RATETAX RATESTAX REVENUETERM CREDITTOTAL EXTERNAL DEBTTOTAL INVESTMENTTRADE DEFICITTRADINGUNEMPLOYED WOMENUNEMPLOYMENTUNEMPLOYMENT RATEUNEMPLOYMENT RATESUPWARD PRESSUREWEAK DEMANDWITHDRAWALWorld Bank10.1596/16502