02260cas a2200301 a 4500 AALejournalIMF021894 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513592046 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Middle East and Central Asia Dept. Arab Republic of Egypt : 2021 Article IV Consultation, Second Review Under the Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (108 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The economic and social impact of the COVID-19 pandemic over the past year has been well-managed by the authorities. Timely and prudent fiscal and monetary easing shielded the economy from the full brunt of the crisis, while alleviating the health and social impact of the shock. Sound economic policies helped deliver macroeconomic stabilization, safeguard debt sustainability, and preserve investor confidence. While growth is expected to rebound in FY2021/22, the outlook is still clouded by uncertainty related to the pandemic and the pace of vaccinations. High public debt and large gross financing needs leave Egypt vulnerable to external shocks or changes in financial market conditions for EMs. Near-term fiscal and monetary policies should thus continue to support the recovery without accumulating undue imbalances. Mode of access: Internet International Agreements imf International Organizations imf Monetary Policy imf Observance imf Egypt, Arab Republic of imf IMF Staff Country Reports; Country Report ; No. 2021/163 Full text available on IMF http://elibrary.imf.org/view/journals/002/2021/163/002.2021.issue-163-en.xml IMF e-Library