29.09.2016 | Egypt’s IMF programme to hit 30m poor
Since taking office in mid-2014, President Abdel Fattah el-Sisi has pursued the twin goals of maintaining social order and breathing life into the country’s sclerotic economy. He has been relatively successful with the former but has struggled with the latter. In desperate need of economic stimulus, he is now courting the International Monetary Fund (IMF), the nemesis of Egypt’s presidents-of-old. That may provide much-needed fiscal stability, but can he introduce Fund-mandated reforms without fuelling social tensions?
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