Description: Egypt - Country Assistance Evaluation

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Egypt - Country Assistance Evaluation

Between fiscal 1999 and fiscal 2007, the period under review in this Country Assistance Evaluation (CAE), Egypt's economic performance improved substantially, particularly after 2004, following improvements in economic management, structural r...

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Bibliographic Details
Main Author:	Thomas, Vinod
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ANTICORRUPTION ANTICORRUPTION EFFORTS BANK LENDING BANKS BARRIER BASIC EDUCATION BUDGET DEFICITS BUSINESS CLIMATE CAPITAL EXPENDITURES CAPITAL INVESTMENTS CAPITAL MARKETS CASH TRANSFERS CHILD MORTALITY CORRUPTION CURRENCY DEBT DEBT MANAGEMENT DEBT RESTRUCTURING DEVELOPMENT OBJECTIVES DEVELOPMENT POLICY DISBURSEMENT DISSEMINATION DIVERSIFIED PORTFOLIO ECONOMIC PERFORMANCE ECONOMIC REFORMS EMPLOYMENT ENTRY POINT EXCHANGE RATE EXPORT PERFORMANCES EXTERNAL DEBT FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL SECTOR FISCAL DEFICITS FISCAL DISCIPLINE FOOD PRICES FOREIGN DIRECT INVESTMENT GROWTH RATE HEALTH INSURANCE HEALTH SECTOR HEALTH SECTOR REFORM HUMAN DEVELOPMENT HUMAN RESOURCES INCOME INCOME GROWTH INDEBTED COUNTRIES INFANT INFLATION INFLATIONARY PRESSURES INFORMATION TECHNOLOGY INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INSTRUMENT INSURANCE INSURANCE REFORM INVESTMENT CLIMATE LABOR FORCE LIBERALIZATION LIVING STANDARD LIVING STANDARDS LOAN MACROECONOMIC MANAGEMENT MATERNAL MORTALITY METROPOLITAN AREAS MILLENNIUM DEVELOPMENT GOALS NATIONAL COUNCIL NATIONAL COUNCIL OF WOMEN NONPERFORMING LOANS NUTRITION OFFICIAL DEVELOPMENT ASSISTANCE PENSION PENSION SYSTEM POLICY DIALOGUE POLICY FORMULATION POLITICAL STABILITY POPULATION DENSITY PORTFOLIO PRIMARY EDUCATION PRIVATE INVESTMENT PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRIVATIZATIONS PROCUREMENT PRODUCTIVITY PROGRESS PUBLIC BANKS PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC-PRIVATE PARTNERSHIPS RAPID GROWTH REFORM PROGRAM REGULATORY IMPEDIMENTS RURAL DEVELOPMENT RURAL FINANCE SAFE WATER SAFETY NET SANITATION SECONDARY EDUCATION SOCIAL EQUITY SOCIAL PROGRAMS SOCIAL SAFETY NETS SPECIALIZED BANKS STOCK MARKET SUPERVISORY FRAMEWORK SUSTAINABLE ECONOMIC GROWTH SUSTAINABLE GROWTH TAX TAX ADMINISTRATION TAX RATES TAX STRUCTURE TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TELEPHONE SERVICE TRADE REGIME TRANSPARENCY TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATE URBAN POVERTY WATER MANAGEMENT WATER RESOURCES
Online Access:	http://documents.worldbank.org/curated/en/2008/06/11620920/egypt-country-assistance-evaluation http://hdl.handle.net/10986/10603

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Summary:	Between fiscal 1999 and fiscal 2007, the period under review in this Country Assistance Evaluation (CAE), Egypt's economic performance improved substantially, particularly after 2004, following improvements in economic management, structural reforms, and correction of the exchange rate. The GDP growth rate averaged about 5 percent per year over this period, rising to almost 7 percent in 2006 and 2007, translating into a per capita income growth of almost 3 percent per year, a strong performance. Future Bank strategy should reflect Egypt's middle-income status by including a flexible lending program and an emphasis on knowledge services, including reimbursable technical assistance. The Bank can further strengthen the recent successful partnership by: (i) identifying direct and indirect interventions that could help reduce income disparities through improving the targeting of social safety nets; (ii) focusing analytic work on macroeconomic analysis and income disparities, and improving its dissemination; (iii) pursuing further financial sector reforms and promoting reforms that indirectly combat corruption (public financial management, simplification of taxation and business procedures, and an information act); and (iv) emphasizing sectoral strategies and policy and institutional reforms in infrastructure and energy.