Egypt sticks to liberalisation, with Gulf support

Issue 458 - 09 Apr 2022 - By John Hamilton | 3 minute read

The Egyptian government is pressing on with economic reforms despite a commodities price shock caused by the Ukraine war. With at least $22bn in support pledged by Gulf allies in recent weeks – and talks about further assistance from the IMF – the government is maintaining cheap bread for the people while indicating that other structural measures, such as energy sector liberalisation, will continue.

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