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بوابة الشروق
Osama Kamel on Egypt's economic resilience
The reports from the International Monetary Fund have concluded that the Egyptian economy has become capable of withstanding shocks and crises, especially amid the recent wave of war in the Middle East region. Data shows that foreign exchange reserves have remained above sufficient levels despite rising inflation, a decline in the value of the pound, and increases in energy prices. The report confirmed that Egypt has surpassed expectations regarding economic shocks, and that its total financing needs remain around 40% of GDP in the near term, with expectations of a decrease to less than 30% by 2030. This indicates that the economic policies adopted by the country over the past years have enhanced its ability to cope with crises and restore stability.
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