Egyptian President Abdul Fattah El Sisi has announced an urgent EGP 180bn ($5.82bn) social stimulus package to be implemented starting in March. The announcement on Wednesday (February 7)came following a meeting between Sisi, PM Mostafa Madbouly, and Finance Minister Mohamed Maait. It clearly indicates that the $10bn-12bn loan agreement between the IMF and Egypt is about to conclude. The IMF requested the Egyptian government implement a set of social protection measures to allow people to bear the economic implications of its reform programme. It is expected that the devaluation of the Egyptia…