Egypt's Economic Crisis and Debt

The podcast episode explores the economic crisis in Egypt, which was precipitated by the Ukraine war. Rising commodity prices and the departure of foreign investors have worsened the situation. The Gulf governments, previously willing to provide bailouts, are now interested in investing in Egyptian businesses but on better terms. The International Monetary Fund (IMF) has extended a loan to Egypt, but compliance with the agreed terms has been a challenge. The episode delves into the heavy-handed role of the Egyptian military in the economy and the barriers preventing policymakers from resolving the crisis.