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Begin New Search Topic Economy Political Geography North Africa Content Type Commentary and Analysis Publication Year within 1 Year Publication Year within 10 Years Publication Year within 3 Years

1. Civil Society in Tunisia: Resetting Western Policy Expectations

Author:
Sabina Henneberg, Amy Hawthorne, and Jean-Louis Romanet Perroux
Publication Date:
01-2023
Content Type:
Commentary and Analysis
Institution:
The Washington Institute for Near East Policy
Abstract:
On January 23, The Washington Institute held a virtual Policy Forum with Sabina Henneberg, Amy Hawthorne, and Jean-Louis Romanet Perroux. Henneberg is the Institute’s Soref Fellow and author of its new study Civil Society in Tunisia: Resetting Expectations. Hawthorne is deputy director for research at the Project on Middle East Democracy (POMED). Perroux is director of the Tunisia-based North African Policy Initiative. The following is a rapporteur’s summary of their remarks.
Topic:
Civil Society, Reform, Democracy, and Economy
Political Geography:
North Africa and Tunisia

2. Egypt’s Economic Freefall Provides an Opening for U.S. Assistance—and Leverage

Author:
Ben Fishman
Publication Date:
01-2023
Content Type:
Commentary and Analysis
Institution:
The Washington Institute for Near East Policy
Abstract:
As Secretary of State Antony Blinken prepares to visit Cairo on January 29-30, Egypt’s economy has been busy plummeting to new lows. Part of the blame can be laid on the twin shocks of the COVID-19 pandemic and the Ukraine war, which disproportionately affected the country due to its heavy reliance on threatened resources such as wheat and tourism revenue from Russia and Ukraine. Yet the bulk of its struggles can be attributed to Cairo’s broad economic mismanagement under President Abdul Fattah al-Sisi, which has included everything from currency manipulation to misplaced spending priorities, wasteful megaprojects, and undue state and military control over the economy. Since March 2022, Egypt’s currency has lost half its value and now stands at 30 pounds to the U.S. dollar—a drop spurred by the flight of dollars and the IMF’s requirement to adopt a flexible exchange rate. As a result, official inflation reached nearly 22% in December, fifteen points higher than it was at the end of 2021. Shortages are now frequent, and prices for basic goods have soared by nearly 40%. The rising cost of essential bread in particular will be difficult to maintain much longer. Meanwhile, the debt-to-GDP ratio has risen to 95%, with a record $100 billion in loan payments due over the next four years. Egypt’s 2022-23 budget allocates over 50% to debt servicing and loan repayments, and this sky-high figure will only increase further over time because the loans are dollar-denominated.
Topic:
Foreign Policy, Human Rights, Foreign Aid, Reform, and Economy
Political Geography:
Middle East, North Africa, Egypt, and United States of America