Programs: Economic and Social Justice

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.

Press Release17 Oct 2018

EIPR stresses the importance of issuing this law in a timely manner. The presidency’s objections should not be used to justify a delay given the importance of this legislation and its direct impact on the health and rights of Egyptians as well as scientific research. We also stress on the importance of releasing drafts to the media and civil society, to enable the assembly to pass a law that receives the support of stakeholders and makes them partners in its implementation.

30 Sep 2018

Egypt was hit with the biggest fine in its history when the ICSID ruled on September 3, 2018 that Egypt was liable for compensation of $2 billion to Union Fenosa, as damages for the 2014 government’s failure to provide gas to the company during the energy crisis in Egypt.

20 Apr 2018

The IFC has been operating in Egypt since 1995 and has worked with dozens of different companies across different sectors, mainly through lending or holding equity in the investee company, as well as by providing technical support. We have found through our research that the IFC invests in operations that are deeply involved with some of the most secretive offshore jurisdictions in the world, where information about the real owners of these companies is in many cases obscured.

Press Release25 Mar 2018

EIPR sees this judgment as justice for the complainants and a recognition of their rights to health and environmental safety. The judgment is particularly important because current environmental laws and regulations allow heavy polluting industries such as cement and coal-powered plants to operate in residential areas.

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