Egypt Business Digest – July 2020

July 10, 2020

The Egypt Business Digest provides a periodic roundup of macroeconomic and legislative updates as well as the latest news about major investment projects in Egypt.

In 2020, as the COVID-19 pandemic was challenging economies around the world, Egypt responded with a wide-ranging economic stimulus package worth EGP 110 billion (USD 6.9 billion, 2% of GDP) with various fiscal and monetary measures to absorb the shocks of the pandemic.  The July Digest assesses the impact of the coronavirus on the economy.