WHY EGYPT IS GOOD TO GROW

摘要

Egypt's strong performance throughout the financial crisis is testament to the strong framework put in place by finance minister Youssef Boutros-Ghali, which has left the country in a good position move forward in the post-crisis world.rnIn the aftermath of the recent financial crisis, a number of governments around the world reacted by undertaking an expansion of fiscal policy, an approach that received a ringing endorsement from the International Monetary Fund. Far from disrupting that consensus, the Egyptian government adopted a similar strategy. Its efforts have been rewarded: the country's economic growth rates remain above 4%, higher than the average for the period between 2000 and 2004. Moreover, its current account balance is showing signs of narrowing and the economy is on course to record growth closer to 5% this year.