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nohaelshoky

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
nohaelshoky

World Bank's current portfolio in Egypt | Bank Information Center: Monitoring the proje... - 1 views

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    BIC's MENA program has prepared a list of the projects that the World Bank is currently funding or preparing to fund in Egypt. The list provides a brief description of each project, in addition to an explanatory diagram that summarizes the World Bank's project cycles. An arabic version of the list will be published soon.
nohaelshoky

Projects to be Financed المشروعات التى مولها , أو سيمولها , بنك الاستثمار ال... - 0 views

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    Copyright © European Investment Bank 2011 The European Investment Bank is not responsible for the content of external internet sites. The list below contains the projects submitted to the EIB for financing purposes. Only projects covered by the EIB's transparency policy are included (see explanatory notes).
nohaelshoky

تفاصيل و مستندات قرض البنك الدولى لهيئة سكك حديد مصر - 0 views

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    The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature.**Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show commitment at Board approval. It does not reflect any cancellations.
philip rizk

10. Ecuador Declares Foreign Debt Illegitimate | Project Censored - 1 views

  • 1989 and 2006
  • IRC Americas
  • A special United Nations commission on the crisis, chaired by Nobel Prize economist Joseph Stiglitz, came out in March 2009 in support of such a mechanism.  But thus far, the issue is not even on the table within the G20 grouping of the most powerful nations.
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    "86 percent was used to pay for previously accumulated debt"
philip rizk

A big day for EBRD in Egypt [EBRD - News and events] - 1 views

  • transition
  • strategy for Egypt
  • We want to know exactly what it is that you want us to do
    • philip rizk
       
      doesnt meant we will do what you ask, we are listening to see how best to profit from this situation
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    "instability"
nohaelshoky

Opportunity - 3 day workshop with Platform and Live Art Development Agency - June 18, 2... - 0 views

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    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.
philip rizk

Plutocracy: If Corporations and the Rich Paid 1960s-Level Taxes, the Debt Would Vanish ... - 0 views

  • So why aren't we taxing the rich?
  • Our political system is failing to tax the rich because the rich have fortunes large enough to buy off the political system
philip rizk

The Solution Is More, Not Less Europe « iMFdirect - The IMF Blog - 0 views

  • sovereign debt crisis
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    "sovereign debt crisis"
philip rizk

Calling Foreign Debt 'Immoral,' Leader Allows Ecuador to Default - 0 views

  • Ecuador is ceasing payments not because the oil-rich country cannot afford to pay but because it has made a political decision not to.
  • Some analysts fear it may set a precedent
nohaelshoky

Japan's Loan Helps Egypt Build 150 MW Solar Plant | Renewable Energy News Article - 0 views

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    Cairo, Egypt [RenewableEnergyAccess.com] Japan Bank for International Cooperation (JBIC) will loan 10,665 million yen [USD $90,000] to the Arab Republic of Egypt for materials, equipment and consulting necessary for the construction of a 150 MW integrated solar combined cycle power plant in the Kuraymat district, which is about 100 km south of Cairo.
nohaelshoky

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.
philip rizk

Debt and Taxes « heteconomist.com - 0 views

  • Debt obligations suddenly become “sacrosanct” only when it is a case of the poor or middle class owing the rich
  • High taxes on the wealthy have accompanied strong employment and economic growth in the past, for instance during the immediate postwar period.
  • The reason for the double standard on debt seems clear: the debt of the poor and “middle class” (i.e. working class) helps to reproduce a category of people – most people – who need to sell their labor power to capitalists in exchange for wage or salary income or rely on someone (e.g. a partner, a parent) who does
philip rizk

Time to end the underwriting of unethical business abroad | Lisa Nandy | Comment is fre... - 0 views

  • When the project buyer fails to pay up, the ECGD can turn this into "third world" debt
Ahmed Badawi

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.
nohaelshoky

Drop 'dictator debt,' activists and economists say | Al-Masry Al-Youm: Today's News fro... - 0 views

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    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.
nohaelshoky

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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