Why Egypt’s Economy Is (Still) Getting Worse

With a strained national budget and a low number of private investors, Egypt's economy keeps getting worse. In this video, we're taking a look at what's causing Egypt's economic woes, why the IMF never says 'no' to its bailout, and whether we're due another bailout soon.

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[Jakeman]

Is it a crisis if it's neverending?

[hydoffdhagaweyne]

Maybe you should not spend tens of Billions of dollars building new cities while the country is heading into an economic turmoil.

[gingerkilkus]

My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on now.

[ambessaseway]

Instead of building affordable housing Egypt is building 800m Skyscrapers

[davianoinglesias]

Egypt : We don't have money and our economy is trash.
Also Egypt : Let's build a series of new cities, buy some shiny military hardware and build the largest flagpole in the world

[Magdyy]

The Egyptian president once said : I don't do Feasibility studies. if I did so, we wouldn't have achieved all those projects
That tells you how tf military run this country

[savage_aly]

As an Egyptian, i really have nothing else to say except that we are cooked and have been suffering since 1952. Gotta thank the army for that!

[muhammedjaseemshajeef]

The first thing about economics
Never ever let millitary rulers (or former millitary leaders or close to millitary) run a country, because millitary is terrible in running economy
For example pakistan

[Bustychiken]

i'm from Egypt, we are getting poorer per second . everyday the prices gets higher.

[AlexC-ouju]

it hasnt been a good year for egypt, the houthis haven't helped by discouraging many ships from paying the suez canal charge

[RealUlrichLeland]

Egypt is also one of the most vulnerable countries in the world to climate change. Excluding the areas of desert Egypt is one the mostly densely populated countries in the world with a fast growing population, and almost everyone lives very close to sea level, so sea level rises are a major risk. They're also verh dependent on food imports, so food price shocks from the Ukraine war and covid have been particularly hard on Egypt.

[Lin.Do.n]

Gotta love that strategic location leverage. Neither the other Arab countries or the West wants an unstable Egypt. They'll keep funding it. Heck they can probably leverage China and Russia into supporting them as well, and thus force the West to upp their support. Thats how a good player plays the Great Game.

[natedcarr]

To say Egypt's finances need reform is an understatenent; more like it needs a complete overhaul.

[JenniferLucas-op]

I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless Sonia bless America.

[MethDealer]

In Egypt, we don't add to our prices, we multiply.

[elibrahams]

The Egyptian army has never won a war and never lost an election.


Edit: Lol this created a real shit storm

[FeliciaEmily-my]

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[opfgnyj]

Borrowing to construct new infrastructure isn't necessarily bad as when done right, it grows the economy.

The issue is that these Arab states constantly build huge lavish projects that aren't meant to benefit the working class and it's always car centric in nature because that's how the rich commute

[RhombusOfTheJ]

Why is the IMF trying to stop Egypt from subsidizing necessities rather than requiring them to stop their mega projects?

[hamodalbatal]

It’s basically a banana republic on steroids