Egypt overview

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Egypt cityscape at night

In Egypt we focus on:

  • Supporting the competitiveness of Egypt’s private sector through stronger value chains, improved access to access to finance for small and medium-sized enterprises (SMEs), better economic integration and increased opportunities for women and young people.
     
  • Improving the quality and sustainability of Egypt’s public utilities through private sector participation. Egypt suffers from a low quality of service provision and ageing infrastructure. The EBRD will help develop a more efficient power sector and promote gas market reforms contributing to the country’s energy security. The EBRD will also finance the modernisation of municipal infrastructure and promote the participation of the private sector within it.
     
  • Egypt’s Green Economy Transition. The EBRD will support Egypt’s efforts in diversifying its energy mix by financing renewable energy projects and energy efficiency investments across sectors, including energy efficiency credit lines for SMEs. The Bank will also seek to improve water efficiency through modernising water supply and waste water management. These investments will be complemented by policy dialogue.
     
  • Strengthening governance. In close cooperation with international financial institutions, the EBRD will contribute to improving governance in the public and private sector. The Bank will also provide capacity building for relevant institutions to improve competition, promote investment and policy delivery

Egypt became an EBRD recipient country on 30 October 2015

The EBRD's latest Egypt strategy was adopted on 8 February 2017

Egypt's policy response to the coronavirus crisis

The EBRD is monitoring Egypt's policy response to the coronavirus pandemic. Our biweekly publication identifies the major channels of disruption as well as selected impact and response indicators.

Learn more

Current EBRD forecast for Egypt’s Real GDP Growth in 2020: 2.0%

Current EBRD forecast for Egypt’s Real GDP Growth in 2021: 5.0%

Growth slowed in Egypt to 3.5 per cent in fiscal year ending June 2020, from 5.6 per cent in the previous fiscal year. Growth in the first three quarters of the fiscal year, before the Covid-19 crisis, was 5.4 per cent year-on-year. In April-June 2020 GDP contracted by 2.0 per cent year-on-year, as a partial lockdown negatively affected private consumption and investment. Inflation slowed to 3.4 per cent year-on-year in August 2020, driven by slower increases of price of food, utilities, housing and transport, which together account for nearly two-thirds of the basket.
 
Growth is expected to decelerate to 3.3 per cent in fiscal year ending June 2021, held back by the weak outlook in the tourism sector, disruptions in global value chains, weaker demand from trading partners, and the slowdown in foreign direct investment. However, large public construction projects and the boom in the telecommunications sector will continue to sustain growth.
 
On a calendar year basis, growth is forecast to drop to 2.0 per cent in 2020, before rebounding to 5.0 per cent in 2021. The main rito the outlook arise from possible stricter  social distancing measures as well as weak export demand.
 

EGYPT IN THE EBRD'S 2020-21 TRANSITION REPORT

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