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 2021: 4.2%

Current EBRD forecast for Egypt’s Real GDP Growth in 2022: 5.2%

Economic growth in the first three quarters of fiscal year 2020/21 (July 2020 – March 2021) in Egypt averaged 1.9 per cent year-on-year, following a slowdown in growth in fiscal year 2019/20 to 3.6 per cent. Growth was led by improvements in wholesale and retail trade, agriculture, telecommunications and construction, but the sluggish manufacturing activity, coupled with weak tourism, slowed down the recovery.
 
The pace of recovery of GDP is expected to decelerate to 2.5 per cent growth in fiscal year 2020/21, before picking up to 4.5 per cent in fiscal year 2021/22. The boom in the telecommunications sector will continue to sustain growth, falling unemployment rates will support consumption, and private investment and FDI flows will pick up.
 
However, risks include a slow uptake of vaccination, the weak outlook in the tourism sector in view of a probable global delay in tourism recovery, as well as the slowing momentum of major projects implemented in different parts of the country.
 
On a calendar year basis, growth is forecast to rebound to 4.2 per cent in 2021 and 5.2 per cent in 2022, from 1.5 per cent in 2020, when Egypt was among the few countries worldwide to have positive growth.
 

EGYPT IN THE EBRD'S 2020-21 TRANSITION REPORT

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