Egyptian President Abdel Fattah el-Sisi last month sent a message to his Gulf allies. “The most important point here is support from our brothers,” he said at the World Government Summit in Dubai, where he was guest of honor. He was referring to the tens of billions of dollars in bailouts his country has received from the wealthy Gulf monarchies over the past decade.
Progress to fulfill these conditions has been slow, however, and analysts say that pushback from the military – the establishment that could emerge as the biggest loser in the IMF agreement – could be the culprit. “Inside Egypt, the regime is clearly conflicted,” said Timothy Kaldas, deputy director of the Tahrir Institute for Middle East Policy in Washington, DC. “The military obviously has gained the most and so has the most to lose from a deal like this,” Kaldas told CNN.
Been saying the IMF and first-world countries need to stop writing blank checks. Give the resources and tools for these countries to succeed. If not, extinction is an option.
You mean the Egyptian dictatorship that US has been funding.
Hope that reforms can take place to help improve Egypt, including support to the Egyptian people as well.
All your doggies in line
Egypt lives on Aids
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