Egyptian Initiative for Personal Rights commentary
By Mohamed Ramadan, Economic and Social Justice Unit researcher
Tags: صندوق النقد الدولي
11 Aug 2024
The Egyptian Initiative for Personal Rights (EIPR) released today an analytical paper entitled "2024/2025: A Budget for Interest on Debt... Austerity for us, profits for creditors".
The debt crisis will not be solved by a new loan
External debt payments for a year exceed foreign currency reserves and current debt policy is not sustainable
