Tuesday , 24 May 2022

Blog Archives

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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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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Rights groups call on IMF to link loan to Egypt to more social protection

Seven human rights organisations have called on the International Monetary Fund (IMF) to link the new loan being negotiated with Egypt to the government granting more economic and social rights to its people and strengthening judicial independence.

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Egypt requests ‘support’ from IMF that ‘could include additional financing’ as economy reels under impact of Russia’s war on Ukraine

Egypt has requested more support from the IMF, the institution said in a Wednesday statement, which was followed by an Egyptian Cabinet statement saying the program “could include additional financing.”

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More than window-dressing: On the credibility of public statistics from Al-Sisi’s Egypt

Egypt has so far fared extremely well in the Covid-19 pandemic – at least according to their official figures. With slightly fewer than 360,000 cases up until the beginning of December 2021, the country ranks in an excellent position by international standards.

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Egypt’s Sisi Calls for International Community to Support Africa’s Climate Action at COP26 Conference

Egypt’s President Abdel Fattah Al-Sisi gave a speech at the 2021 COP26 United Nations Climate Change Conference in Glasgow, Scotland, UK, on 1 November, calling for the international community to support Africa’s climate change concerns and address their green financing challenge.

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