Egypt : Economic Monitoring Note, Spring 2013

The political situation in Egypt remains highly volatile and uncertain. The political environment is highly fragmented with increasing polarization between the Muslim brotherhood and other less organized factions that include secular and liberal pa...

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Bibliographic Details
Main Author:	World Bank
Format:	Economic Updates and Modeling
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCESS TO CREDIT ADJUSTMENT PATH APPROVAL PROCESS APPROVAL RATE ARREARS ASSET RATIO ASSETS RATIO AUCTIONS BALANCE OF PAYMENTS BALANCE SHEETS BANK ASSETS BANKING SECTOR BANKING SYSTEM BASIS POINTS BILL BLACK MARKET BOND RATING BOND RATINGS BONDS BRIDGE LOAN BUDGET DEFICIT CAPITAL ADEQUACY CAPITAL BASE CAPITAL FLIGHT CAPITAL INFLOWS CAPITAL OUTFLOWS CASH WITHDRAWALS CENTRAL BANK COMMODITIES COMPETITIVENESS CONSUMPTION GOODS CORRUPTION CPI CREDIT ASSESSMENT CREDIT RATING CURRENCY CURRENCY DEPRECIATION CURRENT ACCOUNT CURRENT ACCOUNT BALANCE DEBT LEVEL DEBT RELIEF DEBT SERVICE DECLINE IN INFLATION DEPOSIT DEPOSIT RATE DEPOSITS DEVELOPMENT BANK DIRECT INVESTMENT DISBURSEMENTS DISCOUNT RATE DOMESTIC BANKING DOMESTIC BANKING SECTOR DOMESTIC BANKS DOMESTIC CONDITIONS DOMESTIC CREDIT DOMESTIC DEBT DOMESTIC DEBT INSTRUMENTS DOMESTIC DEMAND DOMESTIC SECURITY DOWNWARD PRESSURE DRAG ON GROWTH ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC ENVIRONMENT ECONOMIC POLICIES ECONOMIC REFORMS EMERGENCY FINANCING ENROLLMENT EXCHANGE RATE EXPENDITURE EXPENDITURES EXPOSURE EXTERNAL BALANCES EXTERNAL DEBT EXTERNAL DEMAND EXTERNAL POSITION FINANCIAL ACCOUNT FINANCIAL CRISIS FINANCIAL SECTOR FISCAL BURDEN FISCAL DEFICIT FISCAL IMBALANCES FISCAL POLICY FISCAL REFORMS FOREIGN ASSETS FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE RESERVES GLOBAL DEMAND GOVERNANCE INDICATORS GOVERNMENT BOND GOVERNMENT DEBT GOVERNMENT SECURITIES GROWTH RATE GROWTH RATES HOLDING HOUSEHOLDS ID IMMUNIZATION IMPORT IMPORT PRICES IMPORTS INCOME INCOME TAX INFLATION INFLATION RATE INFLATION RATES INFLATIONARY PRESSURES INSTRUMENT INTEREST PAYMENTS INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL RATING AGENCIES INTERNATIONAL RESERVES INTERNATIONAL TRADE INVESTMENT EXPENDITURE ISSUANCE JOB OPPORTUNITIES LABOR FORCE LIFE EXPECTANCY LIQUIDITY LIQUIDITY RATIOS LOAN LOAN CLASSIFICATION LOW-INCOME FAMILIES MATURITIES MATURITY MONETARY AGGREGATES MONETARY POLICY MONEY GROWTH NON-PERFORMING LOANS OIL OIL EXPORTS OIL PRICES OIL SECTOR OUTPUT OUTPUT GAP PENSIONS POLITICAL STABILITY POLITICAL STRIFE POLITICAL UNCERTAINTY PORTFOLIO PORTFOLIO INFLOWS PORTFOLIO INVESTMENTS PREPAYMENTS PRICE INCREASES PRICE INFLATION PRIVATE CAPITAL PRIVATE CAPITAL INFLOWS PRIVATE CONSUMPTION PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES REAL DEPRECIATION REAL ESTATE REAL EXCHANGE RATE REAL INTEREST REAL INTEREST RATES RECEIPTS RECURRENT EXPENDITURE REFERENDUM REFORM PROGRAM REMITTANCES REPAYMENT REPAYMENTS REPOS RESERVE RESERVES RULE OF LAW SAFETY NET SAVINGS SELF-FINANCING SLOWDOWN SMART CARDS SOCIAL SAFETY NET SOCIAL SECURITY SOVEREIGN BOND SOVEREIGN RATING STATE OF EMERGENCY STRONG CURRENCY STRUCTURAL REFORMS SUPPLY CONDITIONS SURPLUS T-BILLS T-BONDS TAX TAX EXEMPTIONS TAX HIKES TAX INCREASES TAX RATE TAX RATES TAX REVENUE TERM CREDIT TOTAL EXTERNAL DEBT TOTAL INVESTMENT TRADE DEFICIT TRADING UNEMPLOYED WOMEN UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES UPWARD PRESSURE WEAK DEMAND WITHDRAWAL
Online Access:	http://documents.worldbank.org/curated/en/2013/03/17810485/egypt-economic-monitoring-note-spring-2013 http://hdl.handle.net/10986/16502

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Summary:	The political situation in Egypt remains highly volatile and uncertain. The political environment is highly fragmented with increasing polarization between the Muslim brotherhood and other less organized factions that include secular and liberal parties as well as supporters of the former regime. At the same time, confrontations between the authorities and the judiciary continue to resurface. Following the controversial assumption of temporary exceptional powers, the president pushed forward a referendum on the new constitution in December which was approved by a small majority but with a low voter turnout. New Parliamentary elections were called in late February to begin in late April, but the election law was subsequently challenged in the courts. This will likely delay elections until August. Meanwhile, the key opposition parties have declared that they will boycott the elections.

Egypt : Economic Monitoring Note, Spring 2013

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