The International Monetary Fund (IMF) has drafted a comprehensive strategy to enhance Egypt’s macroeconomic stability and promote private sector growth in Egypt. The plan outlines four elements, which are monetary and fiscal policy tightening, flexible exchange rate, targeted budget support for households, and balancing the roles of the public and private sectors. In December 2022,
The private-sector minimum wage will rise from EGP 3,000 (USD 97.3) to 3,500 EGP (USD 113.5) by January 2024, according to a social media announcement by the Egyptian Cabinet on 27 October. The wage hike also includes an additional periodic allowance of EGP 200 (USD 6.49). The decision to raise the minimum wage by 17