Escaping the cycle of debt: A grand bargain for Egypt’s creditors

Source: Al Jazeera Centre For Studies Author(s): Imraan Minty Original Link: http://studies.aljazeera.net/en/reports/2017/01/escaping-cycle-debt-grand-bargain-egypts-creditors-170129095832358.html Snapshot: The November 2016 loan agreement between Egypt and the IMF will provide Cairo with another temporary economic life line. Yet, as with previous loans in Egypt’s long history of international...

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The Egyptian Economy: The Plot Thickens

Source: The Moshe Dayan Center For Middle Eastern And African Studies Author(s): Paul Rivlin Original Link: https://dayan.org/content/egyptian-economy-plot-thickens In recent years, Egypt’s shortage of foreign currency has resulted in a lack of basic goods such as food and fuel. As the demand for foreign currency exceeded the supply on official markets, the premium on the parallel

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Egypt’s Economy: The Agony Continues

Source: The Moshe Dayan Center For Middle Eastern And African Studies Author(s): Paul RIvlin Original Link: https://dayan.org/content/egypts-economy-agony-continues With the expansion of the Suez Canal in August 2015, and the discovery of large reserves of natural gas in the Egyptian Mediterranean, there was a wave of optimism about the Egyptian economy (See: “The Good News from

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I’m a Tuk Tuk Graduate: Egypt’s Economic Situation Reflected In Social Networking Sites

Source: The Moshe Dayan Center For Middle Eastern And African Studies Author(s): Michael Barak Original Link: https://dayan.org/content/im-tuk-tuk-graduate-egypts-economic-situation-reflected-social-networking-sites Social networking sites (SNS) in Egypt responded tumultuously to an al-Hayat TV-Egypt interview with Mustafa Abdel Azim al-Laithi, a 35-year-old Tuk Tuk (rickshaw taxi) driver...

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Mechanization to Drive A Process for Fertilizer Subsidy Reform in Egypt

Source: Economic Research Forum Author(s): Shinan N. Kassam, Boubaker Dhehibi Original Link: http://erf.org.eg/publications/mechanization-to-drive-a-process-for-fertilizer-subsidy-reform-in-egypt/ Abstract: Current modalities for the distribution of subsidized fertilizer, together with national campaigns for wheat production, may be stifling nutritional security within rural areas. Reliable...

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COMPREHENSIVE STRATEGIC PARTNERSHIP: A NEW STAGE IN CHINA-EGYPT RELATIONS

Source: Rubin Center Research In International Affairs Author(s): Mordechai Chaziza Original Link: http://www.rubincenter.org/2016/12/comprehensive-strategic-partnership-a-new-stage-in-china-egypt-relations/ Overview: Since 2014, Chinese-Egyptian relations have emerged as one of the most important bilateral axes in the Middle East. Over that time, a new era of closer political and economic...

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Working Paper- Investment Climate and Firms’ Exports in Egypt: When Politics Matter

Source: Economic Research Forum Author(s): Nora Aboushady, Chahir Zaki Original Link: http://erf.org.eg/publications/investment-climate-and-firms-exports-in-egypt-when-politics-matter/ Abstract: The objective of this paper is to explore the nexus between exports performance and components of the investment climate. This paper contribution is twofold: first, the paper fills the gap in the...

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Working Paper- Private Banking and Crony Capitalism in Egypt

Source: Economic Research Forum Author(s): Ishac Diwan, Marc Schiffbauer Original Link: http://erf.org.eg/publications/private-banking-and-crony-capitalism-in-egypt/ Abstract: In Egypt, the bulk of bank loans during 2003-2010 went to politically connected firms. At the same time, the banking sector was liberalized increasingly operated around competitive and profit-maximizing principles. A key...

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How does the Flow of Remittances Affect the Trade Balance of the Middle East and North Africa?

Source: Cesifo Group Author(s): Mohammad Reza Farzanegan, Sherif Maher Hassan Original Link: https://www.cesifo-group.de/ifoHome/publications/docbase/DocBase_Content/WP/WP-CESifo_Working_Papers/wp-cesifo-2016/wp-cesifo-2016-11/12012016006172.html Abstract: Middle Eastern and North African (MENA) economies have had the highest degree of dependency on received remittances worldwide over the last...

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Egypt’s Advance toward a New Social Contract

Source: The Institute For National Security Studies Author(s): Ofir Winter Original Link: http://www.inss.org.il/publication/egypts-advance-toward-a-new-social-contract/ On November 11, 2016, the International Monetary Fund (IMF) approved a loan of $12 billion to Egypt over three years, to help it undertake an ambitious reform plan that should enable it to overcome years of structural problems...

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IMF Loan a Way Forward for Egypt

Source: Carnegie Endowment Author(s): Brendan Meighan Original Link: http://carnegieendowment.org/sada/66147 After floating the Egyptian pound on November 3 and subsequently cutting fuel subsidies on November 4, the Egyptian government cleared the final hurdles on its path toward receiving the first tranche of its $12 billion loan from the International Monetary Fund (IMF). The blockbuster...

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Egypt’s Economic Reform: The Good and the Bad

Source: Council On Foreign Relations Author(s): Steven A. Cook, Imran Riffat Original Link: https://www.cfr.org/blog/egypts-economic-reform-good-and-bad Last Friday, many Egyptians and more than a few Egypt watchers in Washington, DC, held their collective breath. November 11 was to be the “Revolution of the Poor,” but the 22 million who live in poverty did not show up in

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