EGYPT

 

Egypt Announces $4.3Bn Stimulus Package

 

Cairo plans to spend E£30bn ($4.35bn) in a second stimulus package to be launched in January, Finance Minister Ahmad Jalal announced on 16 December. The first E£29.7bn ($4.3bn) package was unveiled in August, shortly after the ousting of former Islamist president Muhammad Mursi. It contained E£20.1bn ($2.9bn) for government investments and E£9.6bn ($1.4bn) for subsidies, grants, wages and pensions (MEES,...