Arab Republic of Egypt: Selected Issues

International Monetary Fund

No 2007/381, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper examines whether Egypt’s current account and exchange rate are in broad equilibrium. The paper analyzes areas of fiscal spending that have the biggest saving potential in a cross-country perspective. An assessment of Egypt’s real exchange rate is presented. The paper uses data envelopment analysis to analyze the efficiency in public spending on health, education, and social protection relative to comparable countries. The results suggest significant scope to improve efficiency in all three social areas, and that room for fiscal savings is particularly apparent in social protection and education.

Keywords: ISCR; CR; data envelopment analysis; exchange rate; Egypt; GDP; chapter IV; chapter III; Egypt's current account; transmission in Egypt; Real effective exchange rates; Exchange rates; Real exchange rates; Monetary stance; Middle East; Africa; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 66
Date: 2007-12-13
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