The Egyptian military’s involvement in the economy has come at a high cost, contributing to underperformance in development.
President Abdel Fattah el-Sisi has reinvigorated state capitalism in Egypt through military-led real estate development, industrial hubs, extractive activities, private sector encroachment, and using private investment to recapitalize the public sector.
The successful completion of Egypt’s 2016 IMF program is superficial, hiding poor economic growth relative to emerging market peers and an economy burdened by a military-led public sector.
The Egyptian military’s capture of state resources under President Abdel Fattah el-Sisi depends on a poorly run state and the visible corruption of the former regime, auguring a new ruling class of military officers.
The event will feature remarks by William J. Burns, Ann Kerr, and Maha Yahya, followed by a conversation between Jihad Azour, Marwan Muasher, Ben Rhodes, and Christiane Amanpour looking toward the ten-year anniversary of the Arab Spring.
Congress should lead the reorientation of assistance policies towards Egypt as well as urge administration engagement with the International Monetary Fund (IMF) in order to promote more constructive outcomes.
The Working Group on Egypt calls on U.S. officials to condemn the August 25 ruling by a terrorism circuit court in Egypt against Bahey Eldin Hassan, one of the founders of Egypt’s human rights movement.
Egypt’s recent security and macro-economic stabilization has been built on weak foundations and Covid-19 has further exposed this fragility.
Egypt has long sought to expand habitation and agriculture into the desert, but the obstacles are great.
In an interview, Soli Özel explains the multifaceted nature of Turkey’s ambitions in the Middle East and North Africa.