Economics

Egypt’s Economy Is Improving, But Egyptians Can’t Tell

Finance minister talks about economy in exclusive interview
Maait says no decision yet on a further agreement with IMF

Maait said has yet to reach an agreement with the IMF, but that relations remain robust.Source: Bloomberg

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By Benjamin Harvey, Mirette Magdy, and Michael Gunn

October 3, 2019 at 4:00 AM UTC

Updated on

October 3, 2019 at 9:34 AM UTC

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Egypt’s finance minister is presiding over the Middle East’s fastest-growing economy, earning accolades from investors and international finance institutions alike. He’s got one big problem: improved indicators are failing to translate into higher incomes and living standards for the Egyptian people.