Files: Economic Rights
31 Mar 2022
Today, March 31st, the Egyptian Initiative for Personal Rights published the English translation of its periodic report on external debt, titled “External Debt rises again in 2020 and Coronavirus is not the only reason”. The report that was published in Arabic in August 2021 is the most recent issue of the series on foreign debt, which has been published by EIPR since 2017. It shows that Egypt’s external debts jumped in 2020, the first year of the COVID-19 pandemic.
This requirement constitutes an encroachment on the concepts of "energy poverty" and "energy justice", because it drains energy resources for the benefit of these factories at the expense of making them available to Egyptian families, especially the poorest. It also contradicts the Goal 7 of the Sustainable Development Goals 2030: "Clean energy at affordable prices", because it sells polluting energy to factories at lower prices than they are, thus impeding the shift towards clean energy.
Egypt has missed that opportunity, so far, according to the paper published by EIPR, on October the 17th, titled: "Four flaws: Assessing the Egyptian-IMF energy subsidies reform". The publication coincides with the International Day for the Eradication of Poverty. The paper depends on the principle: "clean energy guaranteed to all at reasonable prices", which is the seventh goal of the sustainable development goals that the Egyptian state adopted and is supposed to achieve (Egypt 2030).
The EIPR is monitoring actions by the government and Central Bank of Egypt (CBE) to mitigate the economic and social impact of preventive measures to combat the spread of COVID-19. We are assessing such action in light of the protection of citizens’ lives, health, and income and the imperative not to endanger workers’ health and lives for the sake of running the economy at full capacity.
13 Nov 2017
This report examines the effects that these increases have had on low- and middle-income households, questioning the justifications given for these price hikes, and concluding with a number of recommendations which would limit the burden on these households, introduce transparency and restructure financial management within the electricity sector.
The report shows that Ministe of Electricity Decree 312/2017 increased bills by 27 percent on average for the current fiscal year of 2017–18, following last year’s 33-percent increase. The hikes ranged from 15.4 percent for the first bracket (the lowest electricity usage bracket) to 43.3 percent for the seventh bracket (the highest). This shows some improvement on last year, when the biggest hikes fell on the brackets using the least electricity, but the third and fourth brackets, where most low- and middle-income users fall, did absorb major increases this year of 22.4 percent and 27.9 percent respectively.
When the IMF agrees to extend a loan to a country, there is a number of documents the IMF team is obligated to publish and several more the government in question must release.
The Dekheila Felony Court on June 28, 2016, acquitted all former workers with Alexandria Portland Cement-Titan of charges brought against them by the company in case 23944/2015.
Five objections: what is the problem with the World Bank loan?
