Egypt: Devaluation inevitable amid sluggish reform

  • CBE’s decision to hold rates affirms market sentiment that EGP devaluation is not imminent as govt waits for FDI inflows

  • But FX deval necessary to attract investment and revive IMF programme – failure to do so means BOP crisis is inevitable

  • Meeting external funding needs over longer term will require sustained commitment to reforms w/ little margin for error

Subscribe to read this report

You can read this report by subscribing to a Starter or Pro plan today.

Already have an account? Log in


Tellimer is not authorised or regulated by any financial services regulator (including the Prudential Regulation Authority and the Financial Conduct Authority in the UK). Tellimer is a news and information service within the meaning of Article 54 of the Financial Services and Markets Act 2000 (Regulated Activities Order) 2001. The contents of this report are provided for information only and should not be regarded as invitation or inducement to engage in investment activity of any kind. Nothing in this article shall be construed as the giving of investment, tax legal or other advice by Tellimer or any other person.

As a User of the Tellimer Platform your Personal Data may be accessed by the Content Provider that Data for direct marketing. See Privacy Statement for more information.