We need a balanced economic development
As the summer and holiday season draws to a close, the annual investment season begins: economic conferences, government visits, delegations of investors and analysts from around the world. This year is no different, though there is increased interest in in Egypt as a result of its economic reform program started late last year and still ongoing.
This program —including the floating of the pound, the Introduction of a VAT, the increase in energy prices, and the IMF deal—resulted in improved macroeconomic indicators, as demonstrated by the stable exchange rate, increased Central Bank reserves, and higher growth rates.