Economic Reforms Prepared Egypt to Weather COVID-19 Crisis, an Industrial Info Market Brief

Egypt was on a reform program with the International Monetary Fund from 2016-2019, and has brought about various changes to its economic policies, specifically on the tax side. The recent economic growth, coupled with the $6 billion (100 billion Egyptian pounds) aid package to stem the fallout of COVID-19, which was approved by the El-Sisi government, has helped the country fight the crisis. It is expected the Egyptian economy will grow in 2020, although at a modest rate of 2%, compared to last year's 5.6%.