Egypt State Information Service (Cairo)

Egypt: CBE Indicators Confirm Positive Trend Towards Economic Stability

17 March 2013

The Central Bank of Egypt (CBE) announced that the total deficit of the balance of payment dropped to stand at $ 551.5 million during the first half of fiscal year 2012/2013 compared to a deficit of about $ 8 billion during the corresponding period of the previous fiscal year.

These indicators show relative economic stability, an improvement in investments and less pressure on the balance of payment. Therefore, if political stability and security are achieved, good economic indicators will be resumed more quickly than expected.

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