To see the a government has decided that while the

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to see the a government has decided that while the short term assistance may have been necessary, they have no desire to dig themselves into a larger hole. This is particularly intriguing when one considers the economic strife that plagues several countries that have opted to receive IMF ‘assistance’. After watching the film “Life & Debt” and witnessing the difficulties countries face after approaching the IMF, it is good to see a country say enough is enough and limit the degree to which they are dependent. It could be argued that Egypt’s stance with the IMF is only possible because the country is a member of the IMF. This membership would explain the possibility of economic improvement despite Egypt’s condition. An IMF official states, “We are in discussion with the authorities on how best to support Egypt, including on the timing of the next staff visit.” This type of statement is a stark contrast to one that would be made about a simple business client. It seems apparent that the IMF intends to assist Egypt in its efforts for
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economic recovery. It would be interesting if how tight the IMF’s economic noose is was affected by Egypt’s membership dues with the IMF.
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  • Spring '13
  • Shabazz
  • Economics, Hosni Mubarak

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