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| Africa North | |
| One year on: Economic policy under El-Sisi | |
| 2015-06-21 | |
Inheriting a legacy of long-time bureaucratic inertia, corruption, the post-2011 uprising political turmoil and security vacuum, in addition to the ongoing attacks on military and police that followed the ouster of Morsi -- all of which has taken a toll on the already fragile economy -- the soldier-turned-president vowed during his inauguration speech to boost the country’s economy through encouraging investment and achieving security and political stability. While some economic indicators show that the government’s efforts are starting to pay off, El-Sisi himself stressed in his closing speech at the March Economic Development Conference, that the country would need "no less than 200-300 billion dollars" to rebuild itself. | |
| Posted by:trailing wife |
| #2 Hell, He has a bigger GDP than we do. |
| Posted by: newc 2015-06-21 00:37 |
| #1 It is very difficult to maintain a real economy in in-stable regions and with unstable friends. King Mubarak struggled with the economies in various regions for a long time. He did try very hard to get the Sinai some relief. Without a security dividend, a true one, that investment becomes moot and locals seldom stand up to maintain it unless there are heavies. The corruption is rampant - a by product of islam to start with but added stress of Jihadis from ALQ and Daesh never helped. Morsi would have already made this a state operation for Daesh had he and his nazis were still in charge. My view: Back Sisi to the hilt. Do not let him falter. He is one hope we all have right now, because logic. Also, I like him alot. |
| Posted by: newc 2015-06-21 00:36 |