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Ex-Post Evaluation of Exceptional Access under the 2020 Stand-By Arrangement: IMF Country Report No. 22/237, July 2022

المصدر: المجلة المصرية للتنمية والتخطيط
الناشر: معهد التخطيط القومي
مؤلف: United Nations. International Monetary Fund (Author)
المجلد/العدد: مج30, ع2
محكمة: نعم
الدولة: مصر
التاريخ الميلادي: 2022
الشهر: يونيو
الصفحات: 124 - 135
DOI: 10.21608/INP.2022.258657
ISSN: 1110-984X
رقم MD: 1334362
نوع المحتوى: بحوث ومقالات
اللغة: الإنجليزية
قواعد المعلومات: EcoLink
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المستخلص: The IMF’s financial support to the Egyptian authorities’ policy response to the COVID-19 pandemic in 2020 included exceptional access to Fund resources. ‘The Ex-Post Evaluation (EPE) assess whether program objectives under the 12-months arrangement were achieved, whether the macroeconomic strategy, program design, and financing were appropriate to address the challenges Egypt faced at the time. In early 2020, the Egyptian authorities launched a broad policy response to address the immediate and severe economic disruption caused by the COVID-19 pandemic, which threatened to reverse Egypt’s hard-won achievements in regaining macroeconomic stability. The overarching goal of Fund support was to maintain macroeconomic stability amid the crisis, allowing for the easing of fiscal, monetary, and financial policies to support the crisis response and for thus achieving health and social policy objectives during the pandemic. The Standby Agreement (SBA) aimed at safeguarding medium-term fiscal sustainability and at keeping the momentum in selected structural reform areas, mostly building on initiatives that began during the 2016-19 Extended Fund Facility (EFF).

ISSN: 1110-984X