“…the first instalment of a World Bank loan is contingent on the implementation of a number of structural adjustment policies prescribed by the IMF and outlined by Christine Lagarde’s speech in 2015. This includes new investment laws, removal of subsidies, liberalisation, and privatisation of utilities, VAT and other trade and economic liberalisation measures. The loan can be continuously delayed until the IMF is satisfied by Egypt’s commitment to reform….”
External Context سياق خارجي
Al-Sisi’s government engineers bold reforms, more structural adjustment required: IMF