This year's Labour Day marks a very difficult year for all wage earners in Egypt.
Files: National Budget
30 Jul 2024
This report was prepared by Mohamed Ramadan, researcher at the Economic and Social Justice Unit of the Egyptian Initiative for Personal Rights (EIPR), and edited by Wael Gamal, director of the unit.
I. Introduction
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.
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,
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.
