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Soft Loans JAPAN extended concessional loans to Egypt in order to assist Egypt to implement large-scale economic infrastructure projects such as Al-Dekheila Integrated Steel Mill and the Suez Canal Expansion Project. Since 1991, Japan has stopped extending new loans because of the debt rescheduling for Egypt, but new three candidate projects were formally applied for the government of Egypt to Japan in 1999.

Offshore Wind delivers expert coverage of the industry sectors that matter most to you and your business. This includes news and updates on wind farms, markets, projects, vessels, turbines, equipment, research, contractors and the authorities dominating these markets.

As a response to the historical changes underway in the Middle East and North African countries (MENA), the Deauville Partnership launched at the G8 Summit in May 2011, provided the concerned countries with a framework for partnership based on (i) a political process to support the democratic transition; and (ii) an economic framework for transparent, accountable government as well as sustainable and inclusive growth.

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.

Finance Minister Hazem El-Beblawi says Qatar transferred $500 million last week as a grant to Egypt for budgetary support

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"If we hear solid partners on the ground say, I am not too sure about this program, not too sure about the IMF, not too sure about borrowing, it is a bit of an issue.""

Power point presentation for CADTM debt training in Liege 12-13 Dec 2011.

Policy Brief

Art-Oil-Numbers-Bodies-Love: Live Art Workshop on the Problems of the Oil Economy and Oil Sponsorship of the Arts with Nicole Garneau August 9-12, 2012 Art-Oil-Numbers-Bodies-Love is a 3-day intensive workshop in which participants will be encouraged to try different strategies for producing small solo and collaborative live art gestures or mini-performances on the subject of oil economies and oil sponsorship of art and culture.

Primarily intended users of the Guide are auditors and supreme audit institutions (SAIs) who possess little or no knowledge and experience of public debt auditing. SAI auditors who are completely new to public debt management auditing are advised to first build their understanding of the subject of public debt before using this guide. One option for this would be study the IDI's training materials on public debt management auditing. Auditors who already possess knowledge of public debt issues or who have experience in public debt auditing can use this guide to scope their public debt management audits and develop their audit work plans.

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.

Egypt has a budget deficit of nearly 10 percent of GDP and the finance minister recently said that the country is on the brink of a liquidity crisis. Meanwhile, economic growth has slowed since the uprising, decreasing government revenues, while public sector workers around the country are striking to raise wages that have been stagnant for decades.