Middle East Economic Survey

VOL. LIII

No 48

29-Nov-2010

EGYPT

Egypt Considering Bank-Funded Stimulus Package

Egypt is contemplating the adoption of a new, non-budget stimulus package worth E20bn ($3.47bn), according to statements made by Minister of Finance Yusuf Butros-Ghali. Local daily al-Mal quoted the minister as saying that the package would be funded entirely by local banks with the finance ministry acting as guarantor. The stimulus package would be the fourth adopted by Egypt since...