International Relations

6 Items

Book Chapter - VoxEU

How did Egypt soften the impact of Covid-19?

| Feb. 23, 2021

The Covid-19 pandemic has drastically disrupted people’s lives, livelihoods, and economic conditions around the world. The global shock has resulted in a tourism standstill (Djankov 2020), significant capital flight (Djankov and Panizza 2020), and a slowdown in remittances (Nonvide 2020), resulting in an urgent balance-of-payments need. Egypt responded to the crisis with a comprehensive package aimed at tackling the health emergency and supporting economic activity. The Ministry of Finance acted swiftly to allocate resources to the health sector, provide targeted support to the most severely impacted sectors, and expand social safety net programmes to protect the most vulnerable. Similarly, the Central Bank of Egypt adopted a broad set of measures, including lowering the policy rate and postponing repayments of existing credit facilities. The next section highlights the experience of firms in Egypt following these policies.

Analysis & Opinions

Inside the Middle East: "International Monetary Institutions and Reform in Tunisia" with Minister Hedi Larbi

| December 23, 2015

Excerpt from an October 16 installment of the “Inside the Middle East" Q&A Series, with Minister Hedi Larbi, Former Minister of Economic Infrastructure and Sustainable Development and Middle East Initiative Fall 2015 Kuwait Foundation Visiting Scholar, on the role of International Monetary Institutions such as the World Bank and IMF in encouraging and implementing economic reforms during the political transition in Tunisia.

Headquarters of the International Monetary Fund, Washington, DC.

International Monetary Fund

Analysis & Opinions - Project Syndicate

Conditioning the Arab Transition

| June 03, 2013

"While short-term pain is not unusual following the end of despotic regimes, long and protracted transitions can be terribly costly, requiring decades for societies to recover. Political impasse is not only depressing economies by discouraging trade and investment; it is also preventing the formation of governments that could implement much-needed economic and institutional reforms – and thus threatening to take these countries into a long downward spiral."