Hisham Salah

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Latest by Hisham Salah


The feasibility of Egypt’s IMF loan

On 11 August, the International Monetary Fund (IMF) announced that it had reached an initial agreement with Egypt to lend the country $12bn over a three-year period, joining Iraq, Tunisia, and Jordan in taking money from the Washington-based fund. Egypt’s programme is likely to see the government of President Abdel Fattah Al-Sisi move toward a …

Hisham Salah

Government policies increase poverty, future for the poor seems bleak: expert

Poverty in Egypt will increase throughout the year, as the government did not use the incoming foreign currency to create jobs, according to Aliaa Mamdouh, a former economist at CI Capital Investment Bank. The current economic and social conditions in Egypt are projected to increase the poverty rate in the coming years. The government appears …

Hisham Salah

Inflation rate likely to rise next year: experts

Egypt’s core inflation rate climbed to its highest level in seven years in June, underscoring the challenges confronting the government as it grapples with a foreign-currency crunch. Annual core inflation, which excludes volatile items such as food, reached 12.3% in June, up from 12.23% in May and the highest since February 2009, according to the …

Hisham Salah

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