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Episode 13-Unpacking Egypt's Economy
Manage episode 412194811 series 3537580
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Since 2011, Egypt has faced political and economic challenges, worsened by a surge in foreign debt and unfavourable policies. COVID-19 in 2020 and the Russia-Ukraine conflict in 2022 hit hard, especially as Egypt is the world's largest wheat importer.
Today, Egypt is dealing with soaring inflation, a weakened currency, and heightened climate and geopolitical risks. Yet, recent aid, like an IMF bailout and a major investment by the UAE in February 2024, brings hope.
In our 13th episode, we spoke to Angus Blair, an expert in MENA markets renowned for his work in investment banking and asset management.
Recognised as an "Emerging Markets Superstar" by Global Finance magazine, Angus's insights are sought after by the likes of Bloomberg and the BBC.
In this episode, we spoke about several topics including:
- An overview of Egypt's since 2011
- The country's mounting debt burden
- Challenges facing the business environment
- Emerging climate risks
Intro theme song-'Tales of the Arabian Nights' composed by StudioKolomna via Pixabay
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