Egypt Conference

Whilst the world slowed down, battling the economic headwinds of lockdowns and restrictions, Egypt went from strength to strength. Before the pandemic, Egypt’s government initiated a major fiscal spending programme, investing in infrastructure: cities; roads; monorails; bridges; tunnels and more. The results of this investment were plain to see – the IMF forecasted 5.4% growth in 2022 and Egyptians looked set fair to benefit. But, out of a clear blue sky, another huge geopolitical and supply-side storm has hit. Egypt has moved fast to manage the impact - it devalued the Egyptian pound and entered urgent talks with the IMF. But will these emergency actions work? Can Egypt regain its momentum and course in a volatile and directionless global landscape? With COP27 in Sharm on the near horizon will the drive towards sustainability be maintained or must economic storms cause a rethink?