The political forces that have emerged since the overthrow of Hosni Mubarak in 2011 have struggled to overcome his regime’s economic legacy, particularly unemployment, inflation, the structural fiscal deficit and infrastructure weaknesses.
Egypt’s reform programme aims to restore macroeconomic stability and return the country to strong and sustainable growth by improving foreign exchange markets, reducing the budget deficit and government debt.
Creating jobs, especially for women and youth, while protecting the most vulnerable groups in the society is vital during the process of adjustment. But there is underlying precariousness in the Egyptian economy.