EGYPT: DESPITE SECURITY CONCERNS, THE OVERALL RISK OUTLOOK IS REMARKABLY OPTIMISTIC

EGYPT: DESPITE SECURITY CONCERNS, THE OVERALL RISK OUTLOOK IS REMARKABLY OPTIMISTIC

   Tue, 21 May 2019

The terrorism threat to Egypt is being overstated due to sporadic and relatively low capability, yet high-profile, attacks on foreign tourists. The country’s overall risk outlook is remarkably positive as a result of enhanced political stability, IMF-mandated fiscal prudence, and cheap loans from the Gulf, as well as a boom in gas export revenues. Once the IMF programme terminates later this year, concerns over inflation and Egypt’s debt sustainability will have subsided.



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