Episode 31-Pyramids of Pressure: Egypt's Economic Balance

Egypt's economy is under intense pressure, with a currency crisis, soaring debt, rampant inflation, and a struggling private sector. 

But a major UAE investment in February 2024 and a recent IMF bailout offers hope. Plus, Egypt’s entry into BRICS in 2023 hints at a shift eastward.

In our 31st episode, we spoke to Beth Morrissey, managing partner and co-founder of Kleiman International Consultants. As a specialist in emerging markets, Beth offers valuable insights into global economic trends.

In this episode, we covered several topics, including:

• Defining what emerging markets are
• Egypt’s currency crisis, debt, foreign investment and private sector struggles
• The challenges facing Egypt's political economy

Email us: hassan@majlisandmarkets.com

Kleiman International's substack-https://kleimaninternational.substack.com/

Kleiman International-X (Twitter) handle-https://x.com/KleimanIntCon

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Intro theme song-Arab and Muslim by StockMusic via Pixabay

Chapters

• 0:48 Monologue intro
• 1:42 Beginning of discussion
• 2:12 Beth's background
• 4:24 What are emerging markets?
• 7:30 Why do countries want to be in an index?
• 9:00 Egypt's economy in 1990s
• 12:45 Debt challenges today
• 19:48 Currency crisis
• 23:46 Tourism sector
• 24:46 Suez Canal/Red Sea challenges
• 25:55 FDI inflows
• 29:42 UAE and Gulf investments into Egypt
• 32:07 Banking & finance industry
• 35:02 Why can't Egypt restructure its economy?
• 38:54 Climate risks
• 42:51 Security and civil unrest risks
• 46:22 What is the future for Egypt's economy?
• 51:22 Beth's current and upcoming projects
• 56:02 Social media accounts