Egypt: LNG & Economic policy spur growth
- Egypt is expected to be the MENA region’s top economic performer in 2019, with growth at 5.9% driven by higher offshore gas production, continued government investment and looser monetary policy.
- All five IMF loan tranches so far have been disbursed without any delays, highlighting the progress made by the government in implementing agreed reforms.
- Egypt needs new gas supplies by the mid-2020s as gas for power generation increases with the construction of new plants. The 2022 renewable energy target could fall short as a result.
Florence Eid-Oakden, Ph.D, Chief Economist
Charlene Rahall, Analyst
The Country Views series shines the spotlight on specific developments in MENA countries, analysing them from a local perspective to deliver forward looking views for businesses and investors.
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