Egypt, IMF agree to smaller loan after sticking points prove political nonstarters. But will it be enough?
Egypt's refusal to acquiesce to two conditions ultimately reduced the value of the loan
Egypt's refusal to acquiesce to two conditions ultimately reduced the value of the loan
Conditions of the loan have made state institutions wary, but the extent of the currency crisis may make it inevitable
Those who can afford it get to buy the commodity and learn. Those who can’t, don’t”
The government appears to be tight-lipped about any potential changes to the subsidy system for now
Some have been stopped at random, regardless of their engagement with the wave of dissent
The government's financial statement reveals a massive and historic deficit
The request for IMF support comes as Egypt faces a major foreign capital flight
The price increase this year is closely linked to the rise in global oil prices
“It is not sensible that we sell 20 loaves of bread for the price of one cigarette”
Egypt has already met all of the conditions of the $12 billion 2016 loan program.
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