We, the undersigned Egyptian, regional and international human rights organisations, are writing to provide input ahead of the negotiations on the Memorandum of Understanding (MoU) for the EU’s €4 billion Macro-Financial Assistance (MFA) packag
Tags: الديون
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.
More inflation…more pain inflicted on the people of Egypt
After a downward trend in previous months, Egypt's inflation rates rose again in August and September. The rise was driven by the government's continued implementation of the IMF program's measures, most notably the hike in energy and electricity prices.
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".
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Real spending on all items is on the wane, except for loan cost
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 debt crisis will not be solved by a new loan
External debt payments for a year exceed foreign currency reserves and current debt policy is not sustainable



