Egypt's Revolution has cost the country, up to September, US$9.79 billion, according to a report issued by consultancy group Geopolicity.
Titled "The cost of the Arab spring & Roadmap for G20/UN support", the report shows results of a costing exercise undertaken by Geopolicity, based on data from the International Monetary Fund (IMF).
It accounts for the impact of productivity losses on GDP and public finance, but excludes losses to human life, infrastructure damage and business and foreign direct investment losses.
The near 10 billion dollars shed by Egypt are divided among the $4.27 billion cost to GDP and $5.52 billion in lost public finances.
The EBRD, an international lending institution which has focused on emerging European economies, announced last week that shareholder governments had backed the expansion of its mandate to North Africa. The bank is one of the tools the international community will use to supply aid to Arab governments and encourage them to pursue democratic reforms in the wake of this year's Arab Spring political unrest.
دعت فايزة أبو النجا، وزيرة التعاون الدولي، الأمين العام لوزارة الخارجية الإيطالية، لسرعة البدء في تنفيذ الشريحة الثالثة من برنامج مبادلة الديون بين مصر وإيطاليا والمقدر له مبلغ 100 مليون دولار
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.