Between Debt Swaps and IMF Reform: The Political Economy of External Dependence in Egypt

Egypt’s reliance on IMF support, Gulf investments, and debt swaps has prevented immediate collapse but deepened structural dependence. While these mechanisms provide short-term liquidity and ease foreign currency pressures, they fail to resolve entrenched imbalances and military dominance. The Ras El-Hekma deal epitomizes this trade-off between stabilization and sovereignty.

Let’s Tune In To The EU’s Periphery: Greece’s Second Economic Miracle

While Greece’s economy struggled for over a decade, there is reason to celebrate. The national debt continues to decrease while the GDP and number of employed people both increase.