DropEgyptsDebt

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.

اتفق خبراء اقتصاد على أن ما أعلنته الحكومة بشأن اتخاذها تدابير لتوفير 11 مليار دولار لسد عجز الموازنة، يعد محاولة من جانب الحكومة للتأكيد على قدرتها على توفير موارد لسد عجز الموازنة في حال فشل مفاوضاتها مع صندوق النقد الدولي.

بداية المشاهدة الدقيقة ٦:٢٠

"For it is precisely the current lack of democratic accountability that make the banks' stated aims achievable"

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

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

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.

Déclaration de la Campagne populaire pour l'annulation de la dette égyptienne

بلغت نسبة الفاقد فى حصيلة ضريبة الرواتب بموازنة العام المالى الحالى 67.2% من إجمالى إيرادات ضريبة الرواتب، أى ما يساوى 3.420 مليار جنيه، بسبب التهرب الضريبى بحسب دراسة اعدها خالد عبدالنبى محمود مدير دراسات ضرائب الدخل السابق بقطاع الفحص الضريبى بوزارة المالية، وحصلت "الشروق" على نسخة منها.

Nicola Pratt

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.

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.

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

"وزير مالية الإمارات: قررنا مساعدة مصر بـ 3 مليارات دولار"

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.

SCAF has not raised Egypt's foreign debt ceiling, so far: Official The IMF may yet ink a $3 billion loan deal with Egypt despite disagreements between the country's military and finance and planning ministries over foreign borrowing, an insider tells Ahram Online Salma Hussein, Thursday 27 Oct 2011 The current visit of an IMF delegation to Cairo could end up yielding a loan agreement, a finance ministry official has told Ahram Online on condition of anonymity.

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.