Egypt: Cleaning House Before the IMF Visits–Again

 Do you have that friend that insists on cleaning his or her home BEFORE the cleaning lady arrived?  Well, whether it is irrational or not, sometimes countries’ leaders could benefit from some of these Obsessive-Compulsive tendencies 🙂 
On that note, WE are monitoring how Egypt will prepare before the next International Monetary Fund will return to visit Cairo — date yet to be determined, according to The Daily Star.  Earlier on January 7th, IMF MENA & Central Asia Department Director, Masood Ahmed, met with President Morsi in Cairo to discuss loan terms. Ahmed also met with Prime Minister Hisham Kandil, Central Bank of Egypt Governor Farouk El Okdah, Finance Minister Al-Mursi Hegazy, and the Minister of Planning and International Cooperation Ashraf Al-Araby.  Press Release available here.

Egypt Stocks Drop Most in World Amid Turmoil, Political Standoff

By: Ahmed A. Namatalla on January 29, 2013

Source: Bloomberg News

Egypt’s shares fell the most in the world after the country’s main opposition bloc rejected talks with President Mohamed Mursi, signaling the nation’s political crisis may be prolonged.

The North African country’s benchmark EGX 30 Index (EGX30) retreated 2.1 percent to 5,490.36 as of 1:30 p.m. in Cairo. That’s the biggest drop among 93 indexes tracked by Bloomberg. The gauge has retreated 3.5 percent this week as escalating violence left dozens dead since the second anniversary of the Jan. 25 uprising that ousted President Hosni Mubarak.

Egyptian Defense Minister Abdelfatah Al-Seesi warned… click here to continue.

Egypt’s Chronic Public Service Nightmare Leaves Citizens by Wayside

Train, car crashes and a building collapse lead Egyptians to wonder who’s watching out for them. Click here to continue.

By: Nancy M. Salem

Source: Vancouver Observer

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Filed under Analysis, PIDE (Policy, International Development & Economics), Politics

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