Egypt Economic Monitoring Note, Fall 2012
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 defi...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/315791468234531470/Egypt-economic-monitoring-note-Fall-2012 http://hdl.handle.net/10986/27101 |
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okr-10986-27101 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
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ACCOUNTING ASSET RATIO BALANCE OF PAYMENTS BANK CREDIT BANK LIQUIDITY BANKING SYSTEM BILL BONDS BORROWING COSTS BUDGET DEFICIT BUDGET DEFICITS CAPITAL ACCOUNT CAPITAL FLOWS CAPITAL INFLOWS CAPITAL OUTFLOWS CAPITAL TO ASSET RATIO CASH DEFICIT CDS CENTRAL BANK CLARITY COMPETITIVENESS CONSOLIDATION CORE INFLATION CORRUPTION COURT RULINGS CREDIT EXPANSION CREDIT GROWTH CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DEBT DEBT BURDEN DEBT RELIEF DEBT SERVICE DEPOSIT DEPOSIT INTEREST DEPOSIT INTEREST RATE DEPOSITOR DEPOSITS DEPRECIATION DIRECT INVESTMENT DISBURSEMENTS DISCOUNT RATE DIVIDEND DOMESTIC BORROWING DOMESTIC DEBT DOMESTIC DEMAND DOMESTIC MARKET ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC OPPORTUNITIES ECONOMIC POLICIES ECONOMIC SITUATION ENROLLMENT EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT CAPACITY EXPOSURE EXTERNAL BALANCE EXTERNAL DEBT EXTERNAL FINANCING EXTERNAL POSITION FINANCIAL ASSETS FINANCIAL MARKETS FINANCIAL SUPPORT FINANCIAL SYSTEM FINANCING NEEDS FISCAL BALANCE FISCAL DEFICIT FISCAL DEFICITS FISCAL OPERATIONS FISCAL POLICIES FOOD PRICES FOREIGN ASSETS FOREIGN FINANCING FOREIGN INDEBTEDNESS FOREIGN INVESTORS FOREIGN RESERVES GOLD GOVERNANCE INDICATORS GOVERNMENT DEBT GOVERNMENT FINANCE GOVERNMENT FINANCING GOVERNMENT POLICIES GOVERNMENT SECURITIES GROWTH RATES HIGH INFLATION HOLDING ID IMBALANCES IMMUNIZATION IMPORT IMPORTS INCOME INCOMES INFLATION INFLATIONARY PRESSURES INFRASTRUCTURE INVESTMENT INTEREST PAYMENTS INTEREST RATE INTEREST SUBSIDIES INTERNATIONAL RESERVES INTERNATIONAL STANDARDS INVESTMENT SPENDING LABOR FORCE LABOR MARKET LEGAL FRAMEWORK LENDING INTEREST RATE LENDING POLICY LIBERALIZATION LIFE EXPECTANCY LIQUIDITY CONDITIONS LOAN LOAN QUALITY LOCAL BANKS LOCAL GOVERNMENT MARKET PRICE MATURITIES MORTALITY RATE NEGOTIATIONS NOMINAL ANCHOR NON-PERFORMING LOANS OIL EXPORTS OUTPUT OUTPUT GAP OVERDRAFT OVERDRAFTS PENSIONS POLITICAL INSTABILITY POLITICAL STABILITY POLITICAL UNCERTAINTY POWER OUTAGES PREPAYMENTS PRICE HIKES PRIVATE SECTOR CREDIT PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCES RAPID CREDIT EXPANSION REAL APPRECIATION REAL EXCHANGE RATE REAL EXCHANGE RATE OVERVALUATION REAL INTEREST REAL INTEREST RATES RECEIPTS REFERENDUM REMITTANCES REPAYMENTS RESERVE RESERVE REQUIREMENT RESERVES RETURN RETURNS RISK PERCEPTIONS RULE OF LAW SAFETY NETS SALARIES SAVINGS SHORT-TERM CAPITAL SOCIAL PROTECTION SOCIAL SAFETY NETS STRUCTURAL REFORMS SUPPLY SHOCKS SURPLUS T-BILLS TAX TAX RATE TAX RATES TAX REVENUE TAX REVENUES TECHNICAL ASSISTANCE TOTAL EXPORTS TOTAL EXTERNAL DEBT TRADE BALANCE TRADE DEFICIT TRADING TRADING PARTNER UNEMPLOYMENT UNEMPLOYMENT RATE URBAN AREAS WAGES WITHDRAWAL |
| spellingShingle |
ACCOUNTING ASSET RATIO BALANCE OF PAYMENTS BANK CREDIT BANK LIQUIDITY BANKING SYSTEM BILL BONDS BORROWING COSTS BUDGET DEFICIT BUDGET DEFICITS CAPITAL ACCOUNT CAPITAL FLOWS CAPITAL INFLOWS CAPITAL OUTFLOWS CAPITAL TO ASSET RATIO CASH DEFICIT CDS CENTRAL BANK CLARITY COMPETITIVENESS CONSOLIDATION CORE INFLATION CORRUPTION COURT RULINGS CREDIT EXPANSION CREDIT GROWTH CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DEBT DEBT BURDEN DEBT RELIEF DEBT SERVICE DEPOSIT DEPOSIT INTEREST DEPOSIT INTEREST RATE DEPOSITOR DEPOSITS DEPRECIATION DIRECT INVESTMENT DISBURSEMENTS DISCOUNT RATE DIVIDEND DOMESTIC BORROWING DOMESTIC DEBT DOMESTIC DEMAND DOMESTIC MARKET ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC OPPORTUNITIES ECONOMIC POLICIES ECONOMIC SITUATION ENROLLMENT EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT CAPACITY EXPOSURE EXTERNAL BALANCE EXTERNAL DEBT EXTERNAL FINANCING EXTERNAL POSITION FINANCIAL ASSETS FINANCIAL MARKETS FINANCIAL SUPPORT FINANCIAL SYSTEM FINANCING NEEDS FISCAL BALANCE FISCAL DEFICIT FISCAL DEFICITS FISCAL OPERATIONS FISCAL POLICIES FOOD PRICES FOREIGN ASSETS FOREIGN FINANCING FOREIGN INDEBTEDNESS FOREIGN INVESTORS FOREIGN RESERVES GOLD GOVERNANCE INDICATORS GOVERNMENT DEBT GOVERNMENT FINANCE GOVERNMENT FINANCING GOVERNMENT POLICIES GOVERNMENT SECURITIES GROWTH RATES HIGH INFLATION HOLDING ID IMBALANCES IMMUNIZATION IMPORT IMPORTS INCOME INCOMES INFLATION INFLATIONARY PRESSURES INFRASTRUCTURE INVESTMENT INTEREST PAYMENTS INTEREST RATE INTEREST SUBSIDIES INTERNATIONAL RESERVES INTERNATIONAL STANDARDS INVESTMENT SPENDING LABOR FORCE LABOR MARKET LEGAL FRAMEWORK LENDING INTEREST RATE LENDING POLICY LIBERALIZATION LIFE EXPECTANCY LIQUIDITY CONDITIONS LOAN LOAN QUALITY LOCAL BANKS LOCAL GOVERNMENT MARKET PRICE MATURITIES MORTALITY RATE NEGOTIATIONS NOMINAL ANCHOR NON-PERFORMING LOANS OIL EXPORTS OUTPUT OUTPUT GAP OVERDRAFT OVERDRAFTS PENSIONS POLITICAL INSTABILITY POLITICAL STABILITY POLITICAL UNCERTAINTY POWER OUTAGES PREPAYMENTS PRICE HIKES PRIVATE SECTOR CREDIT PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCES RAPID CREDIT EXPANSION REAL APPRECIATION REAL EXCHANGE RATE REAL EXCHANGE RATE OVERVALUATION REAL INTEREST REAL INTEREST RATES RECEIPTS REFERENDUM REMITTANCES REPAYMENTS RESERVE RESERVE REQUIREMENT RESERVES RETURN RETURNS RISK PERCEPTIONS RULE OF LAW SAFETY NETS SALARIES SAVINGS SHORT-TERM CAPITAL SOCIAL PROTECTION SOCIAL SAFETY NETS STRUCTURAL REFORMS SUPPLY SHOCKS SURPLUS T-BILLS TAX TAX RATE TAX RATES TAX REVENUE TAX REVENUES TECHNICAL ASSISTANCE TOTAL EXPORTS TOTAL EXTERNAL DEBT TRADE BALANCE TRADE DEFICIT TRADING TRADING PARTNER UNEMPLOYMENT UNEMPLOYMENT RATE URBAN AREAS WAGES WITHDRAWAL Laursen, Thomas Badr, Karim Zaki, Chahir Egypt Economic Monitoring Note, Fall 2012 |
| geographic_facet |
Middle East and North Africa Egypt, Arab Republic of |
| description |
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. |
| format |
Report |
| author |
Laursen, Thomas Badr, Karim Zaki, Chahir |
| author_facet |
Laursen, Thomas Badr, Karim Zaki, Chahir |
| author_sort |
Laursen, Thomas |
| title |
Egypt Economic Monitoring Note, Fall 2012 |
| title_short |
Egypt Economic Monitoring Note, Fall 2012 |
| title_full |
Egypt Economic Monitoring Note, Fall 2012 |
| title_fullStr |
Egypt Economic Monitoring Note, Fall 2012 |
| title_full_unstemmed |
Egypt Economic Monitoring Note, Fall 2012 |
| title_sort |
egypt economic monitoring note, fall 2012 |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/315791468234531470/Egypt-economic-monitoring-note-Fall-2012 http://hdl.handle.net/10986/27101 |
| _version_ |
1764463549218816000 |
| spelling |
okr-10986-271012021-04-23T14:04:40Z Egypt Economic Monitoring Note, Fall 2012 Laursen, Thomas Badr, Karim Zaki, Chahir ACCOUNTING ASSET RATIO BALANCE OF PAYMENTS BANK CREDIT BANK LIQUIDITY BANKING SYSTEM BILL BONDS BORROWING COSTS BUDGET DEFICIT BUDGET DEFICITS CAPITAL ACCOUNT CAPITAL FLOWS CAPITAL INFLOWS CAPITAL OUTFLOWS CAPITAL TO ASSET RATIO CASH DEFICIT CDS CENTRAL BANK CLARITY COMPETITIVENESS CONSOLIDATION CORE INFLATION CORRUPTION COURT RULINGS CREDIT EXPANSION CREDIT GROWTH CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DEBT DEBT BURDEN DEBT RELIEF DEBT SERVICE DEPOSIT DEPOSIT INTEREST DEPOSIT INTEREST RATE DEPOSITOR DEPOSITS DEPRECIATION DIRECT INVESTMENT DISBURSEMENTS DISCOUNT RATE DIVIDEND DOMESTIC BORROWING DOMESTIC DEBT DOMESTIC DEMAND DOMESTIC MARKET ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC OPPORTUNITIES ECONOMIC POLICIES ECONOMIC SITUATION ENROLLMENT EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT CAPACITY EXPOSURE EXTERNAL BALANCE EXTERNAL DEBT EXTERNAL FINANCING EXTERNAL POSITION FINANCIAL ASSETS FINANCIAL MARKETS FINANCIAL SUPPORT FINANCIAL SYSTEM FINANCING NEEDS FISCAL BALANCE FISCAL DEFICIT FISCAL DEFICITS FISCAL OPERATIONS FISCAL POLICIES FOOD PRICES FOREIGN ASSETS FOREIGN FINANCING FOREIGN INDEBTEDNESS FOREIGN INVESTORS FOREIGN RESERVES GOLD GOVERNANCE INDICATORS GOVERNMENT DEBT GOVERNMENT FINANCE GOVERNMENT FINANCING GOVERNMENT POLICIES GOVERNMENT SECURITIES GROWTH RATES HIGH INFLATION HOLDING ID IMBALANCES IMMUNIZATION IMPORT IMPORTS INCOME INCOMES INFLATION INFLATIONARY PRESSURES INFRASTRUCTURE INVESTMENT INTEREST PAYMENTS INTEREST RATE INTEREST SUBSIDIES INTERNATIONAL RESERVES INTERNATIONAL STANDARDS INVESTMENT SPENDING LABOR FORCE LABOR MARKET LEGAL FRAMEWORK LENDING INTEREST RATE LENDING POLICY LIBERALIZATION LIFE EXPECTANCY LIQUIDITY CONDITIONS LOAN LOAN QUALITY LOCAL BANKS LOCAL GOVERNMENT MARKET PRICE MATURITIES MORTALITY RATE NEGOTIATIONS NOMINAL ANCHOR NON-PERFORMING LOANS OIL EXPORTS OUTPUT OUTPUT GAP OVERDRAFT OVERDRAFTS PENSIONS POLITICAL INSTABILITY POLITICAL STABILITY POLITICAL UNCERTAINTY POWER OUTAGES PREPAYMENTS PRICE HIKES PRIVATE SECTOR CREDIT PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCES RAPID CREDIT EXPANSION REAL APPRECIATION REAL EXCHANGE RATE REAL EXCHANGE RATE OVERVALUATION REAL INTEREST REAL INTEREST RATES RECEIPTS REFERENDUM REMITTANCES REPAYMENTS RESERVE RESERVE REQUIREMENT RESERVES RETURN RETURNS RISK PERCEPTIONS RULE OF LAW SAFETY NETS SALARIES SAVINGS SHORT-TERM CAPITAL SOCIAL PROTECTION SOCIAL SAFETY NETS STRUCTURAL REFORMS SUPPLY SHOCKS SURPLUS T-BILLS TAX TAX RATE TAX RATES TAX REVENUE TAX REVENUES TECHNICAL ASSISTANCE TOTAL EXPORTS TOTAL EXTERNAL DEBT TRADE BALANCE TRADE DEFICIT TRADING TRADING PARTNER UNEMPLOYMENT UNEMPLOYMENT RATE URBAN AREAS WAGES WITHDRAWAL 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. 2017-06-13T19:39:13Z 2017-06-13T19:39:13Z 2012-09 Report http://documents.worldbank.org/curated/en/315791468234531470/Egypt-economic-monitoring-note-Fall-2012 http://hdl.handle.net/10986/27101 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work Middle East and North Africa Egypt, Arab Republic of |