Study shows that Egypts economy has been experiencing an extended period of instability and uncertainty that reflects in no small measure the political turmoil of recent years. It is said that the government has been keen to enhance the business environment and consolidate public finances through fiscal reforms, and confidence has improved. Recent policy choices include measures to induce more dynamic investment and spur much-needed private-sector job creation. Reform of fuel subsidies has been a notable achievement. The intensity of the government’s commitment to institutional and structural reforms will be critical to future progress.
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