Coming out of economic crisis on the right path ...Egypt

Last month witnessed several positive economic developments that did much to reassure the public. A new exchange rate was in place, measures were taken to secure our wheat needs, and Egypt’s sister nations deposited several billion dollars in the Central Bank, with promises of much more in investment by their sovereign funds. Swift action by the state on all levels was remarkable and deserves recognition. The state reached out to Gulf states and showed a readiness to cooperate with global financial institutions. On the domestic front, it made arrangements to secure wheat supplies and make staples available with the onset of Ramadan, and attempted to curb soaring prices. But it’s a mistak

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Coming out of economic crisis on the right path ...Egypt

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