Egypt: LNG & Economic policy spur growth

Country Views
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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