MENA Drop-In: Can Egypt get its IMF deal back on track?

Reports are swirling of yet more delay to the latest review of Egypt’s IMF deal, the central bank is preparing to meet in a pressurised market environment and speculation about a sovereign default isn’t going away. 

Deputy Chief Emerging Markets Economist Jason Tuvey and Middle East and North Africa Economist James Swanston held a special briefing about what the Egyptian government needs to do to get the country’s economy back on track. During this 20-minute briefing, Jason and James will be answered client questions about the economic and policy outlook as they addressed key issues, including:

• Why Egypt’s IMF deal is being held up;
• The elephant in the room – whether the pound will be devalued;
• Whether fears of an eventual sovereign default are justified.