For these reasons, the International Monetary Fund is the biggest threat to the Sisi regime

Contrary to what the dictator Abdel Fattah al-Sisi and his security services believe that the greatest danger to the July 03 regime is the team of the January Revolution, including Islamists, liberals, leftists, civil society organizations, free media and social networking sites. Israeli assessments – which are very keen on the survival of the Sisi regime because of the very positive roles it plays in serving the Israeli project in the region – say that the International Monetary Fund is the biggest threat to the regime of General Abdel Fattah al-Sisi.

These estimates were published by the Israeli newspaper Haaretz in August 2019; When she shouted at the occupation government, a close and keen ally of Sisi and his regime, saying, “Stop the Islamists… the International Monetary Fund is the real threat to the Sisi regime.” The newspaper went on to explain this, initially acknowledging Sisi’s obsession with potential threats to his regime and ensuring its survival and continuity; Therefore, he pursued the Islamists and banned the Muslim Brotherhood. The millennial generation in particular fears the middle class, the generation that ignited the January 25, 2011 revolution, and its security services tightened their grip on the media, the Internet, and non-governmental organizations. The Israeli newspaper asserts that even the paranoid may have enemies, but in Sisi’s case his obsession appears to have overlooked the greatest threats of all: the soft-spoken technocrats of the International Monetary Fund.

The newspaper points out a strange paradox, that the Fund, unlike the Brotherhood, activists, revolution and human rights organizations, does not want to overthrow the Sisi regime. Rather, it extended a helping hand to it years ago when the regime found itself in trouble and lent him $12 billion (Sisi borrowed about 8 billion more from the fund Later, it is heading for a new loan currently in 2022). But the fund’s terms were harsh, including liberalizing exchange rates, reducing fuel and food subsidies, privatizing companies and imposing new taxes. And Sisi did most of what was asked of him in a painful process.

According to the Hebrew newspaper, the agreement between Sisi and the IMF did not achieve much success; Poverty rates increased, but it was more painful that the growth that followed the agreement with the IMF did not have its effects on citizens, but the economic recovery was for the elite 1% of Egyptians more than anyone else. The assessment of the situation concludes that the economic problems in Egypt are deeper than improving the conditions of its financing sources. He warns of the possible repercussions on the Egyptian scene as a result of the harsh conditions set by the IMF, as the economy is still subject to tight control, corruption is rampant, and the empire of the army’s business is larger and more fortified than ever before. The warning culminates in the fear of a new revolution caused by the harsh conditions set by the IMF and Sisi met them immediately without fear of possible consequences.

A site estimate prepared by the British “Middle East Eye” website in September 2016, was that the equation in the Egyptian case, which includes a dictator (Sisi) with a track record of spending countless billions on projects to glorify himself and a huge Western economic entity (the Fund) whose solutions are represented in “One size shrinks the whole economy” will make a shortcut to a new explosion.

Today, about six years have passed since Sisi’s agreement with the IMF, and he even obtained two other loans in light of the outbreak of the Corona pandemic in 2020, where he obtained a support estimated at 2.8 billion dollars, then a third loan of about 5.2 billion dollars, and he is heading towards a fourth loan currently in The stressful repercussions of the Russo-Ukrainian war and the regime’s failure to properly manage state resources remained. Why did the expected explosion not happen?

It is estimated that extremism in brutality and repression has so far prevented this explosion from occurring, especially since Sisi’s security services were able to quell all forms of rebellion and protest that erupted in hundreds of factories, companies and regions for various reasons, all revolving around low standards of living, but they were not linked by a single link. In light of the disintegration of the revolution camp as a result of the crushing campaigns that have been going on for years.

Other estimates suggest that the failure of the explosion to occur as expected in these analyzes does not mean that it will not occur; It may occur within weeks, months or years, especially in light of the regime’s inability to properly manage state resources, and its failure to improve living standards that have deteriorated sharply as a result of its complete compliance with the conditions and dictates of the Fund on the one hand, and the negative repercussions of the outbreak of the Corona pandemic and then the Russian-Ukrainian war on the one hand. a second. This hypothesis is reinforced by the fact that the regime has actually fallen into a spiral of infernal debt; borrows to pay off loans and interest on loans; Even the debt interest service, according to the new budget figures (2022/2023), amounted to about (1655) billion pounds, which exceeds the total expected state revenues (1517) billion pounds! This means that all state revenues are not sufficient even to pay the debt-servicing item only; What is left for wages, salaries, investment and support? All of this is done with loans, and this situation is impossible to sustain and continue. Therefore, the end of Sisi is imminent, and it may be closer than we imagine.


Source: بوابة الحرية والعدالة by fj-p.com.

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