Tags: Eye on Debt
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.
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.