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When Sisi concluded the $12 billion loan agreement with the IMF …

Posted on September 21, 2019 by Shahid Bolsen
When Sisi concluded the $12 billion loan agreement with the IMF in November 2016; giving the IMF a 20 year managerial role over the Egyptian economy; he made himself largely superfluous. I predicted at the time that he was entering the final phase of his rule at that point, and that his removal would likely be instigated soon precisely to pacify the unrest caused by IMF-imposed economic hardships, while diverting attention from the real cause of the suffering. His removal would bring short term emotional relief, and blame could be laid exclusively at the feet of El-Sisi, while a new administration could enjoy a small period of hope, even while continuing to pursue the contractual obligation to subjugate Egypt. I might have been inaccurate in the speed with which I predicted this would happen, but I believe that is what is taking place right now.

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