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Egypt’s military economy under threat from the IMF

Less than a month after the Russian invasion of Ukraine, on 21 March 2022, faced with an exceptional rise in food and energy costs, Cairo’s Central Bank raised its base interest rate by 100 points, and devalued the Egyptian pound by some 15% after having spent several days wasting more …

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Egyptian BDS denounces plans to host Israeli festival at military-linked resort in Sinai

The Egypt-based branch of the Boycott, Divestment, Sanctions (BDS) of Israel movement strongly denounced on Wednesday plans to host an Israeli music festival at a hotel affiliated with the Egyptian army in the south of the Sinai.

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Throwing Down the Gauntlet: What the IMF Can Do About Egypt’s Military Companies

Until recently, both the International Monetary Fund (IMF) and the World Bank were wholly reticent to say anything about the involvement of the Egyptian Armed Forces (EAF) and other military agencies in Egypt’s civilian economy. This is a longstanding problem. By turning a blind eye to the diversion of resources …

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