71. Egypt Faces Severe Economic Problems
- Author:
- Sara Nowacka
- Publication Date:
- 08-2022
- Content Type:
- Working Paper
- Institution:
- The Polish Institute of International Affairs
- Abstract:
- In August, a year before the end of his term of office, Tarek Amer, head of the Egyptian Central Bank, resigned. This was a consequence of the deepening economic crisis caused by a decline in the country’s currency reserves and the impact of global problems on Egypt, which is dependent on food imports. Capital-intensive investments, mainly in the energy and real estate sectors, will exacerbate Egypt’s situation. Given the size of its population, economic collapse would have a significant destabilising impact on the EU’s southern neighbourhood.
- Topic:
- Economics, Currency, Economic Stability, and Economic Crisis
- Political Geography:
- Middle East and Egypt