The decision by the Egyptian parliament to reject the government’s economic plan highlights a growing rift between the Muslim Brotherhood and the military-appointed administration. Worryingly, this means that a deal with the IMF over a $3.2 billion loan package is unlikely to materialise soon. As things stand, it seems that Egypt needs to hit rock bottom before political consensus over the Fund’s help is reached.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.