Summary: the IMF has failed to appreciate how the linkage between the Sisi regime and Egypt’s military-security complex cannot be broken even as it demands changes to an economic model that continues to fail the Egyptian people while building an enormous debt mountain.
Summary: the lenders who are bankrolling Egypt’s President Sisi, principally the Gulf states, are growing uneasy as Egypt’s currency woes and ever-mounting debt signal an economic crash is on the horizon.
Summary: a big hike in interest rates as inflation gallops ahead shows that the economic model Egypt’s president is using is in danger of running out of road with grievous implications both for the country’s poor and an increasingly beleaguered middle class already slipping into poverty.
