IMF

Old wine in older bottles

Summary: a huge bailout has staved off a looming disaster in Egypt’s ongoing debt crisis but the economic model of mega projects and militarized capitalism that has produced the crisis remains untouched.

Dollar shortages, debts and (in)formal capital controls in MENA

Summary: roughly a quarter of countries in the Arab League, including currently suspended member Syria, are suffering from currency depreciation, a US dollar shortage and rising debt levels. Issues are being compounded by surging inflation, while in some countries (in)formal capital controls and sanctions are impacting trade and debt repayments.

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