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philip rizk

The Hidden Costs of Egypt's IMF Loan | Al Akhbar English - 0 views

  • 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.”
philip rizk

«النقد الدولي» يعتذر عن زيارة مصر للتفاوض على قرض الـ 3.2 مليار دولار | المصر... - 0 views

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    كشف مصدر مسؤول بوزارة التعاون الدولي عن أن صندوق النقد الدولي اعتذر عن زيارة القاهرة في يناير المقبل للتفاوض حول شروط إقراض مصر بنحو 3.2 مليار دولار، الأمر الذي رأى معه خبراء بأنه يضع الحكومة في مأزق البحث عن بدائل أخرى لتوفير موارد مالية لسد عجز الموازنة.وقال المسؤول، في تصريح لـ«المصري اليوم»: «إن بعثة الصندوق كانت ستزور القاهرة
philip rizk

Icelandic voters reject Icesave debt repayment plan | World news | guardian.co.uk - 0 views

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    "economic and political chaos"
philip rizk

The girl with the Egyptian flag | African news, analysis and opinion - The Africa Repor... - 0 views

  • must register and consolidate their victories in the institutions of that state
  • how dependent on the advice of foreign experts
  • apartheid debt
  • ...9 more annotations...
  • orderly
  • democracy has not solved the most pressing of our own social contradictions, they have become worse.
  • it is very hard to keep
  • But for a democratic surplus, that is, and the procedural rights and freedoms South Africans enjoy, such as assembly and to vote for whom we choose among contesting elites. It is the absence of an out-and-out dictator, it seems, that keeps South Africa’s poor and discontented in their place.
  • an actual, not merely branded by a well-meaning Al Jazeera, ‘day of rage’.
  • A riot releases a qualitatively different element of political alchemy. It makes no demand. It constitutes itself as power rather than asking for stuff from the state. People in this mode have a burst to them that ranks and ranks of police cannot hold.
  • The top two of these historically are bread prices and repression. It seems that Arab politics has added a third distinct motive to revolt, one flowing from the form of state that has arisen in a privatized, globalised, late capitalist and kleptocractic era
  • Egypt is also an example of a country that decolonized very early and whose nationalist leaders enjoyed much prestige for their role in winning independence and keeping sovereignty. These struggle credentials and symbologies, such as they are, do not last
  • A second wave of post-nationalist, Arab liberation struggles are patently taking place now with a coherent and infectious set of ideas informing them.
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    "must register and consolidate their victories in the institutions of that state"
nohaelshoky

AUDITING PUBLIC DEBT MANAGEMENT: A PRACTICAL GUIDE - 0 views

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    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.
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