{"id":5890,"date":"2022-10-30T19:52:00","date_gmt":"2022-10-30T19:52:00","guid":{"rendered":"https:\/\/man.aisoftwareinsights.com\/?p=5890"},"modified":"2022-10-19T19:57:06","modified_gmt":"2022-10-19T19:57:06","slug":"assessing-egypts-economic-reform","status":"publish","type":"post","link":"https:\/\/man.aisoftwareinsights.com\/en\/assessing-egypts-economic-reform\/","title":{"rendered":"Assessing Egypt\u2019s Economic Reform"},"content":{"rendered":"<p dir=\"ltr\"><span style=\"font-size: 11pt; font-family: Calibri, Arial; text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Nearly two years after Egypt\u2019s inking of a $12.4 billion deal with the International Monetary Fund in November 2016, headlines extol the improvements made, and the IMF declared in June 2018 that \u201cstrong program implementation and generally positive performance has been instrumental in achieving macroeconomic stabilization.\u201d The IMF loan came with a set of conditions designed to prevent Egypt\u2019s economy, struggling under heavy and imbalanced spending, from collapse. While the austerity measures required for the loan may have stabilized the economy in the short term, they have caused heavy strain on economic conditions and purchasing power, making it very difficult for many to maintain social status, with the majority struggling merely to make ends meet.\\n\\nThe promise of any government or lending institution that introduces such measures is that, while they may lead to a tenuous, difficult time, the period of belt tightening will be followed by prosperity. Ideally, and in line with the IMF\u2019s own recommendations, austerity measures should be accompanied by a socioeconomic support plan to mitigate the effects on the least privileged of society and low-income sectors\u2014a critical need in a country where 27.8 percent of the country lived below the poverty line before the reforms were put into place.&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14845,&quot;3&quot;:{&quot;1&quot;:0,&quot;3&quot;:1},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;9&quot;:1,&quot;10&quot;:1,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:3,&quot;3&quot;:1},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:11}\">Nearly two years after Egypt\u2019s inking of a $12.4 billion deal with the International Monetary Fund in November 2016, headlines extol the improvements made, and the IMF declared in June 2018 that \u201cstrong program implementation and generally positive performance has been instrumental in achieving macroeconomic stabilization.\u201d The IMF loan came with a set of conditions designed to prevent Egypt\u2019s economy, struggling under heavy and imbalanced spending, from collapse. While the austerity measures required for the loan may have stabilized the economy in the short term, they have caused heavy strain on economic conditions and purchasing power, making it very difficult for many to maintain social status, with the majority struggling merely to make ends meet.<\/p>\n<p>The promise of any government or lending institution that introduces such measures is that, while they may lead to a tenuous, difficult time, the period of belt tightening will be followed by prosperity. Ideally, and in line with the IMF\u2019s own recommendations, austerity measures should be accompanied by a socioeconomic support plan to mitigate the effects on the least privileged of society and low-income sectors\u2014a critical need in a country where 27.8 percent of the country lived below the poverty line before the reforms were put into place.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nearly two years after Egypt\u2019s inking of a $12.4 billion deal with the International Monetary Fund in November 2016, headlines extol the improvements made, and the IMF declared in June 2018 that \u201cstrong program implementation and generally positive performance has been instrumental in achieving macroeconomic stabilization.\u201d The IMF loan came with a set of conditions [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[706],"tags":[977],"ngos":[736],"ptype":[754],"class_list":["post-5890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-international-monetary-fund","ngos-the-tahrir-institute-for-middle-east-policy","ptype-research-papers"],"_links":{"self":[{"href":"https:\/\/man.aisoftwareinsights.com\/en\/wp-json\/wp\/v2\/posts\/5890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/man.aisoftwareinsights.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/man.aisoftwareinsights.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/man.aisoftwareinsights.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/man.aisoftwareinsights.com\/en\/wp-json\/wp\/v2\/comments?post=5890"}],"version-history":[{"count":1,"href":"https:\/\/man.aisoftwareinsights.com\/en\/wp-json\/wp\/v2\/posts\/5890\/revisions"}],"predecessor-version":[{"id":5893,"href":"https:\/\/man.aisoftwareinsights.com\/en\/wp-json\/wp\/v2\/posts\/5890\/revisions\/5893"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/man.aisoftwareinsights.com\/en\/wp-json\/wp\/v2\/media\/4123"}],"wp:attachment":[{"href":"https:\/\/man.aisoftwareinsights.com\/en\/wp-json\/wp\/v2\/media?parent=5890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/man.aisoftwareinsights.com\/en\/wp-json\/wp\/v2\/categories?post=5890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/man.aisoftwareinsights.com\/en\/wp-json\/wp\/v2\/tags?post=5890"},{"taxonomy":"ngos","embeddable":true,"href":"https:\/\/man.aisoftwareinsights.com\/en\/wp-json\/wp\/v2\/ngos?post=5890"},{"taxonomy":"ptype","embeddable":true,"href":"https:\/\/man.aisoftwareinsights.com\/en\/wp-json\/wp\/v2\/ptype?post=5890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}