The Hidden Costs of Egypt's IMF Loan | Al Akhbar English - 0 views
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The Popular Campaign to Drop Egypt’s Debt issued a statement Thursday opposing the IMF loan and questioning the lack of information about “the extent to which the Egyptian economy needs this massive amount of dollars.” The group protested that there had been no discussion of alternative ways of financing public spending, adding that the government had obtained foreign loans amounting to $6 billion over the past year without any democratic oversight. Governments appointed by the military since the revolution had also borrowed record amounts from Egyptian banks, it said, and “it is not known how they were spent.”
'Egyptians have to change their socialist mindset': NBE's Tarek Amer - Economy - Busine... - 0 views
The girl with the Egyptian flag | African news, analysis and opinion - The Africa Repor... - 0 views
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must register and consolidate their victories in the institutions of that state
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how dependent on the advice of foreign experts
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apartheid debt
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Brutish Italian police to train Egyptian police in debt-swap deal - Economy - Business ... - 0 views
Japanese govt loans Egypt LE300 million to complete Grand Egyptian Museum | Al-Masry Al... - 0 views
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The Japanese Government granted Egypt a LE300 million loan to complete the last phase of the Grand Egyptian Museum (GEM) in a deal signed Thursday, according to Antiquities Minister Zahi Hawass. During the signing of the deal with Japan International Cooperation Agency (JICA), Hawass said that construction work would begin in mid November and is scheduled to be completed by March 2015.
Gamal Mubarak and Atef Ebeid Lost 7 billion Egyptian Pounds in Privatization Scandal | ... - 1 views
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Reports revealed new details in the on-going investigation of government privatizing and selling public-sector companies for less than their predetermined prices. These reports, compiled by the Public Funds Prosecution and the Administrative Supervisory Authority, suggest that Gamal Mubarak, son of deposed President Hosni Mubarak, Atef Ebeid, the former Prime Minister, and nine former ministers, wasted some LE7 billion in privatizing 11of 19 public-sector companies.
In Egypt, corruption cases had an American root - The Washington Post - 0 views
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S. officials have not publicly raised questions about the funding to ECES
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The privatization and economic opening of recent years have created new opportunities for ‘vertical corruption’ at upper levels of government affecting state resources
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Officials at USAID declined to discuss their support of the Egyptian think tank, privatization efforts in the country or the sentiments shared in the confidential cables.
Mubarak's Odious Debts - Saifedean Ammous - Project Syndicate - 0 views
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The interest that Egypt pays on its foreign loans is larger than its budget for education, healthcare, and housing combined, accounting for 22% of government expenditures. For the sake of Egyptians and people living under tyranny everywhere, Egypt's government must take a brave stand by voiding these debts as
Egypt's Military to Lend $1 Billion to Bolster Currency - 1 views
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The loan, reported by state news media on Wednesday, appeared to be part of a broad public relations campaign. Faced with criticism of its reluctance to turn over power and its brutal treatment of protesters, the ruling military council is apparently trying to show it is helping alleviate Egyptians' financial distress.
Market Report: US debt crisis sends Egypt's main index to 2-year low - Economy - Busine... - 0 views
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Foreigners led the exit, net-selling a net LE31.6 million of stock, while non-Arab investors offloaded LE5.48m, leaving Egyptians – who made up 84.6 per cent of the day’s trades – the sole net-buyers.
Egypt's 'Orderly Transition'? International Aid and the Rush to Structural Adjustment - 0 views
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a critique of these financial packages needs to be seen as much more than just a further illustration of Western hypocrisy
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a sustained effort to restrain the revolution within the bounds of an ‘orderly transition’
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Egypt is, in many ways, shaping up as the perfect laboratory of the so-called post-Washington Consensus, in which a liberal-sounding ‘pro poor’ rhetoric – principally linked to the discourse of democratization – is used to deepen the neoliberal trajectory of the Mubarak-era
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Mubarak's Odious Debts - 0 views
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A glance at Egypt's public finances reveals a disturbing fact: the interest that the country pays on its foreign loans is larger than its budget for education, healthcare, and housing combined. Indeed, these debt-service costs alone account for 22 percent of the Egyptian government's total expenditures.
Audit and cancel Egypt's debt | Al-Masry Al-Youm: Today's News from Egypt - 0 views
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On 31 October, a group of researchers, activists and civil society organizations will launch the Egyptian Debt Audit and Cancellation Campaign in coordination with international actions in Europe and Latin America. The main goal of the campaign is to audit and cancel Egypt's foreign debt that was accumulated under ousted President Hosni Mubarak.
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