Western Nations Are Flooding Egypt With Billions Despite Cairo’s Limited Ability To Repay Its Debt
In March alone, the International Monetary Fund, the World Bank, and the European Union announced financial support for Egypt totaling more than $23 billion.
Beware of the billions of dollars in Western aid and investment headed toward Egypt to support the projects of President al-Sisi. Critics say such financing flies in the face of Cairo’s inability to pay back its foreign debts and its poor human rights record.
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