Today, Sunday 5 October, EIPR publishes its new report in the "Eye on Debt" series, which analyses the Fourth Review of Egypt’s agreement with the International Monetary Fund (IMF) regarding the Extended Fund Facility (EFF) programme.
Tags: الحقوق الاقتصادية والاجتماعية
Introduction
After a delay of about five months, the International Monetary Fund (IMF) completed the fourth review of the Extended Fund Facility Arrangement for Egypt, which Egypt signed in late 2022.
Any attempt to undermine the social security net at present is nothing short of a crime
The Fifth Circuit of the West Alexandria Court decided to postpone the consideration of a lawsuit filed by 13 workers at Alexandria Container and Cargo Handling Co (ALCN) demanding the dissolution of their union committee.
The Egyptian Initiative for Personal Rights (EIPR) released today an analytical paper entitled "2024/2025: A Budget for Interest on Debt... Austerity for us, profits for creditors".
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
The Egyptian Initiative for Personal Rights (EIPR) released research titled “Pensioner Rights Pitted Against the Economic Crisis... A Critical Study of the Social Insurance and Pensions Law No. 148 of 2019”.
The paper reviews the change in pensioners’ conditions in light of the acute cost of living crisis and within the framework of the social insurance law and the amendments it introduced to the pension system.
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.