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Egypt’s economy is currently undergoing a new phase of economic reforms that is unprecedented in terms of quality, coverage, and the pace of implementation. Reform measures now adopt a new philosophy aimed at formulating innovative and international best practice solutions in tackling economic challenges, with special attention devoted to preserving the social dimensions.
Positive macroeconomic developments have been closely synchronized with structural and legal reforms. This has contributed to a heightened sense of expectations regarding the outcomes such reforms will have on the overall economic performance, and their long-run sustainability. The ongoing reform process has increased the conviction that Egypt will manage to address domestic and international challenges.
Since the beginning of the past decade, the Government undertook major efforts in enhancing transparency, with the aim of disclosing and analyzing economic developments as they unfold. We believe that such an approach has helped in keeping researchers and other interested parties regularly and well- informed.
It is my pleasure to introduce this new monthly bulletin published by the Ministry of Finance to provide further highlights of underlying developments in the economy. This bulletin has a broad coverage with a wide selection of economic indicators and detailed analysis, and should give an updated and in-depth performance overview of the Public Finance sector in Egypt.
It is my sincere wish that this bulletin accomplishes its mission in serving all those who have interests in following economic and financial developments in Egypt, and I have confidence that it shall enable researchers to follow economic trends more easily and clearly. I also invite our readers to bring forward their comments, suggestions and opinions, so as to aid us in meeting up to the needs of all concerned parties.
Minister of Finance
Dr. Youssef Boutros-Ghali |