Explainer| How Egypt avoided a dollar crisis during the Iran conflict
Urban & Economy_
Despite an estimated $8 billion in hot money outflows, exchange rate flexibility and robust dollar reserves shielded the Egyptian economy from another liquidity collapse like 2022.
War-related shocks are exposing the fragility of Egypt’s recent economic gains, with rising import costs and weaker inflows reviving borrowing pressure.
Egypt is moving past "quick fix" land sales like Ras El-Hekma to historic debt swaps. But is the $8B China deal a developmental win or a Sri Lanka-style risk?
Egypt's debt strategy: What the first round missed and what comes next
Urban & Economy_
As Egypt prepares a new debt strategy, experts question missed targets, rising debt-service costs and reliance on short-term borrowing and external inflows.
Dollar drain: Egypt’s government crowds out the private sector
Urban & Economy_
Egypt’s public sector doubled its dollar borrowing from local banks, squeezing private firms and prompting fresh warnings from the IMF over rising fiscal risks.