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Egypt must push ahead with reforms to attract investment, spur growth, create job opportunities

Egypt has struggled in the five years since the Arab Spring, as political uncertainty and economic instability erode investor confidence and limit growth. Its economy has expanded a modest 2.5% annually between 2011 and 2015. Foreign exchange reserves have dipped to precariously low levels. An overvalued currency has hurt Egypt’s export competitiveness. Foreign currency shortages …

Philippe Le Houérou

IFC CEO to visit Egypt on Wednesday to discuss cooperation

Executive vice president and CEO of the International Finance Corporation (IFC) Philippe Le Houérou will visit Egypt on Wednesday and Thursday for the first time. Houérou will meet Minister of International Cooperation Sahar Nasr and other governmental officials to discuss ways to increase cooperation between Egypt and the IFC. The meeting will discuss challenges and …

Hisham Salah

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