To the Prime Ministers of Belgium, Alexander De Croo, Greece, Kyriakos Mitsotakis, and Italy, Giorgia Meloni, and the President of the European Commission, Ursula Von Der Leyen,
Files: National Budget
1 May 2024
This year's Labour Day marks a very difficult year for all wage earners in Egypt. The public debt crisis, the exchange rate crunch that resulted in significant devaluations of the local currency against the US dollar, the successive inflation shocks, the rises in commodity prices, and the economic policies sponsored by the International Monetary Fund (IMF) have all dealt successive painful blows to wages and living standards of the majority of wage dependants in Egypt.
Egyptian Initiative for Personal Rights commentary
By Mohamed Ramadan, Economic and Social Justice Unit researcher
EIPR comment
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).
1 Sep 2020
The following points attempt to draw a picture of the labor market in Egypt, and point out its key shortcomings and imbalances, which are exacerbated with the crisis of Covid-19. The crisis, at the same time, opens a door for discussion and redress for some of these imbalances. The Egyptian law allows any employer to fire his employees, without any compensation or pension. When a worker gets sick, and he is the provider for his family, he often does not have health insurance that guarantees his treatment.
