Thursday , 8 December 2022

Blog Archives

Egypt: How the military has usurped Sisi’s power

This past April, during an event known as the Egyptian family iftar and in the presence of prominent opposition figures, President Abdel Fattah al-Sisi announced the launch of a national dialogue process and a “presidential pardon committee”, sparking hopes for much-needed political and economic reforms that could ease the repression …

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 …

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 …

Dismantling the Officers’ Republic: For Egypt to deliver on its economic projects, the tentacles of military retirees in the state bureaucracy must be cut.

Egyptian President Abdel-Fattah al-Sisi has repeatedly exhorted the Egyptian private sector to partner with state agencies in financing and implementing his ambitious investment and development programs. But exhortation has shifted of late to frank pleading.