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
Tags: IMF loan
21 Oct 2018
The report assesses the economic and social impact of the economic adjustment program, agreed upon by the Egyptian government and the International Monetary Fund as a condition for Egypt’s receipt of $12-billion loan under the Extended Fund Facility, to be disbursed in six tranches.
The EIPR reiterates its reservations on most of the IMF loan terms, which have adverse socioeconomic impacts on most citizens and are damaging to the economy and social stability.
25 Sep 2018
Report Summary
Whether in “Aqrab” or Tora Farm, Qanater or Minya prison, there is a need to investigate and address the deepening marketization of prison life: how prisoners’ most basic needs—those that the prison authorities are required to provide by law—are instead sold at exorbitant prices for the sake of the canteen’s profit. The move towards the prison-for-profit mode, by providing prisoners’ basic needs for sale in Egyptian prisons, is the thematic umbrella of this research.
Over the past few years, prison authorities in Egypt has been increasingly selling prisoners’ most basic needs—those that the prison authorities are required to provide by law—at exorbitant prices for the sake of the prisons’ canteen’s profit.
