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Al Majalla

Egypt’s economy: 2025 tests and 2026 bets

Debt is colossal but there are promising indicators, not least in inflation, legal reforms, the sale of government assets, and monetary stability. Will these green shoots be allowed to grow and bloom?

Marcelle Nasr 10 January 2026
Egyptian Prime Minister Mostafa Madbouly and Director of the International Monetary Fund, Kristalina Georgieva, during a joint press conference, in the New Administrative Capital, east of Cairo, November 3, 2024. Reuters

New IMF review points to Egypt's progress—with some caveats

There are positives within the latest review of Cairo's progress toward a further $1.3bn financial lifeline, but they come amid deepening economic problems at home, where the cost of living is rising

Marcelle Nasr 29 November 2024
Ships are steering clear of the Suez Canal for fear of Houthi attacks in the Red Sea, which is hitting Egypt's currency. Shutterstock

Taking a pounding: Egypt's economy hit by regional tension

The Egyptian Pound is weak, and the country is losing income from Houthi missiles, causing ships to avoid the Suez Canal. The timing is bad, as Cairo asks the IMF for $750mn in loans.

Marcelle Nasr 02 February 2024
Balancing the dual challenges of poverty and unemployment in Tunisia is President Kais Saied's top priority. Nathalie Lees

Tunisia and IMF deal: Which way will the pendulum swing?

Looming elections and populist politics seem to be behind the impasse over talks to agree reforms to unlock much-needed funds. Tunisia's credibility is being hurt by divisions within the government.

Kawthar Zantour 13 October 2023
The IMF's failure to forewarn of Lebanon's crisis highlights its controversial history and inherent shortcomings as a lender of last resort. Dave Murray

Lebanon shows why the lack of transparency at the IMF is a huge problem

The IMF's stark failure to warn of a looming crisis in Lebanon reveals why it has long been controversial, alongside the characteristic shortcomings as the lender of last resort

Toufic Chanbour 11 October 2023
Egypt, the world's second-largest IMF borrower, has dug itself a hole. Meanwhile, Egyptian citizens are the ones trying to scramble out of it. Aliaa Aboukhaddour

‘International Misery Fund’: Egypt struggles not to fall into IMF debt hole

Egypt, the world's second-largest IMF borrower, has managed to reach several agreements, yet failed to achieve reform goals in the process. Now, Egyptians are bearing the brunt.

Marcelle Nasr 10 October 2023
Marrakech is hosting the annual meetings of the Bretton Woods institutions in October. This is after being unable to convene in Morocco in 2021 due to the COVID-19 pandemic. Alex William

The IMF and Morocco: A 65-year-old story

Marrakech is hosting the annual meetings of the Bretton Woods institutions in October. This is after being unable to convene in Morocco in 2021 due to the COVID-19 pandemic.

Mohamed Sharki 09 October 2023
International Monetary Fund (IMF) Managing Director Kristalina Georgieva attends a news conference following a meeting at the Federal Chancellery in Berlin, Germany November 29, 2022. REUTERS/Michele Tantussi/File Photo

IMF Chief Expects To Keep 2023 Global Growth Forecast Steady At 2.7%

The International Monetary Fund is not expected to downgrade its forecast for 2.7% growth in 2023, the head of the global lender said on Thursday, noting that concerns about an oil price spike had…

12 January 2023
International Monetary Fund (IMF) Managing Director Kristalina Georgieva attends a news conference following a meeting at the Federal Chancellery in Berlin, Germany November 29, 2022. REUTERS/Michele Tantussi

Global Economy Faces Tougher year in 2023, IMF's Georgieva Warns

For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe, and China - all experience weakening activity, the head of the…

02 January 2023
An Egyptian street vendor carries bread and sweets during the celebration of "Moulid", the birth of Al-Sayyida Nafisa, in old Cairo, Egypt December 28, 2022. REUTERS/Amr Abdallah Dalsh

Egypt Lifts Import Curbs, Backs Bigger Private Sector Role To Meet IMF Demands

Egypt on Thursday lifted a key restriction on imports and approved a list of economic activities the government would leave to the private sector, in an effort to meet two key conditions attached to…

30 December 2022
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US Secretary of State Marco Rubio, Libyan National Army Deputy Commander Saddam Haftar, and Trump advisor Massad Boulos in Washington on 29 June, 2026. @US_SrAdvisorAF/X
Politics

US plan for Libya: unification or management of division?

26 June 2026

A US envoy wants the institutions of western Libya to accommodate the son of an eastern warlord as Libyan president. Is this another doomed effort to unite the feuding factions, or could it work?

Areig Elhag
Dave Murray
Science & Technology

More than a game: a look inside the mind of a football fan

30 June 2026

As the FIFA World Cup 2026 shows, identity, belonging, and tension combine to make football fandom unlike any other sport. So, what is going on in fans' brains?

Alaa Emara
A fighter loyal to Sudan's army chief Abdel Fattah al-Burhan holds up a weapon backdropped by the minaret of a mosque, during a graduation ceremony in the southeastern Gedaref state on 27 May 2024. AFP
Politics

The quiet push to finally end Sudan's civil war

29 June 2026

External actors and some domestic parties are believed to be working behind the scenes towards a settlement. Why now?

Shawgi Abdelazim
Chinese President Xi Jinping stands in the centre of the hall during the China-Africa forum at the Great Hall of the People in central Beijing, on 5 September 2024.
 AFP
Business & Economy

China doubles down on Africa with its zero-tariff policy

01 July 2026

Beijing's duty-free access for African exports promises mutual economic gains, but more importantly, it deepens its strategic influence across the continent

Rabia Abdul Salam
Eduardo Ramon
Politics

Why siccing Syria's army on Hezbollah is so dangerous

28 June 2026

If Trump's idea is implemented, it would all but certainly further undermine regional stability and US interests in the Middle East

David Schenker

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OPINIONS

Damascus between two projects: when partnership answers the bomb

Ibrahim Hamidi
Ibrahim Hamidi

Iran reinterprets the word 'chokepoint'

Fares Garabet
Fares Garabet

Inferring messages from the Supreme Leader’s funeral

Badia Fahs
Badia Fahs

How Sudan’s war reshaped Egypt’s battle for gold

Marcelle Nasr
Marcelle Nasr
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