Last Sunday, led by Prime Minister Dr. Moustafa Madbouly, the Egyptian government held a media conference to articulate its commitment to weather the current global economic storm. The conference was set out to present to the public in general and investors in specific (both foreign and domestic), how the nation plans to deal with the current global crisis, be it soaring energy and commodity prices, a stronger USD, or the Russia-Ukraine conflict. This 2-hour-long event underscored the need for a new game plan, identifying performance targets and the means through which the government will achieve them. In this note, we highlight the five key takeaways from the conference, in our view.
Amr Hussein Elalfy
MBA, CFA
Head of Research
T +202 3300 5724
Omar Roushdy