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"Flash-in-the-pan" development in Egypt? IMF-backed economic recovery stymied by absence of structural reforms and massive human rights violations
[Stellungnahme]
Körperschaftlicher Herausgeber
Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit
Abstract In November 2016, Egypt agreed a comprehensive aid programme with the International Monetary Fund (IMF). Its stated objective was to stabilize the country’s macroeconomic situation within three years and put it on track for inclusive economic growth. At the half-way stage, hardly any structural refo... mehr
In November 2016, Egypt agreed a comprehensive aid programme with the International Monetary Fund (IMF). Its stated objective was to stabilize the country’s macroeconomic situation within three years and put it on track for inclusive economic growth. At the half-way stage, hardly any structural reforms have been implemented despite a short-term macroeconomic stabilization resulting from the conditions put in place. Rather, the increasingly influential military has prevented the emergence of a functioning market economy. This has been compounded by the disastrous human rights record of the government under President Abdel Fattah el-Sisi, which has also had a negative impact on Egypt’s economic development. Germany played a key role in the IMF agreement being concluded. The German government should, therefore, work to ensure the IMF produces a critical assessment of the reforms that have taken place so far. It should also link its willingness to support future aid packages with improving the human rights situation and strengthening civil society. (Autorenreferat)... weniger
Thesaurusschlagwörter
soziale Partizipation; Wirtschaftsreform; sozioökonomische Entwicklung; öffentlicher Haushalt; wirtschaftliche Lage; Wirtschaftsentwicklung; IMF; Sparpolitik; Ägypten
Klassifikation
Wirtschaftspolitik
Freie Schlagwörter
Ägypten; Wirtschaftslage; Wirtschaftliche Entwicklung; Sozioökonomische Entwicklung; Öffentlicher Haushalt; Öffentliche Verschuldung; Externe öffentliche Verschuldung; Finanzielle Auslandshilfe; Internationaler Währungsfonds, Internationale Geber; Politische Konditionalität; Wirtschaftsreformen; Soziale Partizipation; Entwicklungshemmnisse
Sprache Dokument
Englisch
Publikationsjahr
2018
Erscheinungsort
Berlin
Seitenangabe
4 S.
Schriftenreihe
SWP Comment, 31/2018
ISSN
1861-1761
Status
Veröffentlichungsversion; begutachtet
Lizenz
Deposit Licence - Keine Weiterverbreitung, keine Bearbeitung