Egypt’s Economy: A Mixed Picture, at Best

Source: Carnegie Endowment
Author(s): Michele Dunne, Katie Bentivoglio

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On March 13, the Egyptian city of Sharm el-Sheikh will play host to a major economic conference. It has been in the works ever since the late Saudi King Abdullah invited other nations to a donor conference following the June 2014 election of President Abdel Fattah al-Sisi.

Realizing that no international donors—not even Saudi Arabia or the United Arab Emirates—can be expected to continue directly financing Egypt at the level that Gulf donors have since the July 2013 removal of former president Mohammed Morsi, the Egyptian government later sought to shift the plan toward more of an investors’ conference…

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