Egypt Refuses Imf Emergency Funding

Total Page:16

File Type:pdf, Size:1020Kb

Egypt Refuses Imf Emergency Funding AILY EWS WEDNESDAY, MARCH 13, 2013 N D ISSUE NO. 2152 NEWSTAND PRICE LE 4.00 EGYPT www.thedailynewsegypt.com Egypt’s Only Daily Independent Newspaper In English BLAMING THE OTHER GUY 7th time’s the CHARM LET’s rOLL Amnesty International called the Contract workers hold their Cairorollers has high hopes at Port Said trial verdicts an attempt at seventh sit-in in Ain Sokhna, starting a roller derby league ‘scapegoating’ without providing demanding fulltime employment in Egypt answers 2 at a factory they built 3 8 Egypt refuses IMF emergency funding Activist Hassan Mustafa Hegazy: ‘It IS OUR RIGHT TO RECEIVE THE full $4.8bn loan’ sentenced to 2 years By Rana Muhammad Taha Mohamed said. The first offer was By Nada Badawi also declined by Mustafa and his family. Alexandrian political activist Hassan Mahienour El-Massry, a politi- Egypt has refused an International Mustafa was sentenced to two years cal activist in Alexandria, said that Monetary Fund (IMF) ‘bridge loan’ in prison on Tuesday. He was arrested protesters are gathering outside Al- of $750m in emergency funds, an- on 21 January, accused of physically Mansheya Court. El-Massry was with nounced Minister of Finance Al-Mor- attacking a prosecutor. Mustafa during the incident when he si Hegazy in a press conference on Hamdy Khalaf, Mustafa’s lawyer and allegedly attacked Darwish. Tuesday. one of the witnesses who testified in “There’s going to be a protest “We have done what was required court, said: “We were surprised with condemning the verdict,” she said. of us in terms of the social and eco- the verdict. It is an insult to lawyers.” “People are already rallying up.” nomic reform programme,” he said. Khalaf, alongside two other lawyers, Political activists in Cairo and Alex- “It is our right as a nation, and as a testified in court denying that Mustafa andria called for marches in solidarity member nation of the IMF, to receive attacked prosecutor Ahmed Darwish with Mustafa on Tuesday evening. 300% of our quota, or $4.8bn.” in their presence. “Another march is planned to take Minister of Planning and Interna- “Darwish’s medical report stated place in Alexandria on Friday follow- tional Cooperation Ashraf El-Araby that he suffers from ‘a reddened left ing prayers,” Mohamed said. said on Sunday that Egypt does not cheek’,” Khalaf said, adding that the Mustafa allegedly slapped Dar- need the bridge loan. report is not proof that Mustafa wish after going with three human The emergency fund falls under slapped Darwish. “The problem is not rights lawyers and three activists to the IMF’s Rapid Financing Instrument with the medical report; it’s with the the Al-Mansheya Court Complex (RFI) facility, which offers rapid and prosecutor’s false accusations. This on 21 January to check on detained low-access financial assistance to IMF reflects all that is wrong with the protesters arrested after clashes member countries with urgent bal- Courtesy of Ministry of Finance Egyptian prosecution system.” that followed the trial of police ance of payments problems, without “It is our right as a nation, and as a member nation of the IMF, to receive 300% of our quota, or $4.8bn,” said Minister Khalaf stated that the verdict will officers accused of killing protest- the need for a full-fledged IMF pro- of Finance Al-Morsi Hegazy (centre) on Tuesday be appealed. ers on 25 January. He is also facing gramme. Mustafa’s brother Mohamed said charges of helping detainees escape Al-Araby said that Egypt rather member country. Each member is while a strong medium-term policy modified economic programme in Feb- his family was approached by Dar- imprisonment and inciting violence “needs broad structural measures to assigned a quota, or a contribution, programme is being put in place,” ruary, which aimed to meet conditions wish who offered to settle. “He said in Al-Mansheya. tackle its budget deficit”. based on the country’s relative size IMF spokeswoman Wafa Amr told set by the IMF for the proposed loan. that this is only a primary verdict,” He has gone on hunger strike twice Egypt could have had access to al- in the global economy. Countries con- Reuters. These included tax increases, curb- Mohamed said. “It can be reversed if in protest over his detention. most $750 million in emergency funds, tribute money to a pool through the This comes amid the IMF’s reser- ing subsidised fuel, and some other Mustafa apologises to him.” Mustafa is a well-known activist limited to 50% of the country’s quota quota system and can use this fund vations on Morsi’s pledged economic approaches. Mohamed denied any intention to in Alexandria. He was first arrested per year and 100% of its quota in total. to borrow temporarily in case of pay- reforms, with anonymous IMF sourc- Egypt’s budget deficit hit 10.9% of accept Darwish’s offer. “Mustafa has on 6 April 2008, during a demonstra- Egypt’s IMF quota stands at $1.4bn. ment imbalances. es expressed skepticism on their ef- the country’s GDP for this year. done nothing to apologise for.” tion supporting the Mahalla work- The IMF’s quota system allows “Use of the RFI could be an option fectiveness. Darwish made a similar offer im- ers’ strike. for the raising of funds for loans to if there is a need for interim financing, The Egyptian government unveiled a Continued on page 7 mediately after Mustafa’s detention, Additional reporting by Sara Abou Bakr Sudanese repre- A paralysed city: sentatives in Cairo Coptic Catholic Patriarch inaugurated By Joel Gulhane Bishop Ibrahim Isaac: ‘We pray for the president to be guided by God towards what’s best The diesel fuel crisis for our country’ Executive Chairman of the Darfur Re- gional Authority Tijani Sese and Suda- By Nouran El-Behairy is best for our country,” Isaac said in from the armed forces also attended nese minister of investment Moustafa his first speech as Patriarch. the ceremony. Ismail met with President Mohamed The Coptic Catholic Church held a He added that Muslims and Chris- Omar Salem, the minister of state Morsi on Monday to discuss bilateral mass on Tuesday to inaugurate Bish- tians in Egypt should set an example for parliamentary and legal affairs, at- relations and the reconstruction of the op Ibrahim Isaac as the new Coptic of co-existence based on equality in tended on behalf of Prime Minister Darfur region. Catholic Patriarch. rights and duties. Hesham Qandil. Sese and Ismail also met with Minister Bishop Isaac was chosen to become Representatives of Egyptian Pope Tawadros III, Patriarch of the of Foreign Affairs Mohamed Kamel Amr the sixth Coptic Catholic Patriarch on churches and Al-Azhar attended the Coptic Orthodox Church, gave a on Monday and Secretary General of the 15 January, succeeding Bishop Antoni- inauguration ceremony. Also in at- speech at the ceremony Arab League Nabil El Araby on Tuesday. ous Naguib, who gave up his post for tendance were several political fig- “Together we build a nation that According to a statement released by health-related reasons. ures, including former presidential appreciates the values of citizenship the Presidency, the Sudanese represen- President Mohamed Morsi sent a candidate Amr Moussa, former par- and love,” Abdel Moneim Abolfotoh, tatives delivered a letter to Morsi from letter to Isaac congratulating him on liamentarian Amr Hamzawy, National leader of the Misr Al-Qawia Party, Sudanese President Omar Al-Bashir. It his new position. Major Genral Abdel Salvation Front (NSF) leader George said on Twitter as he congratulated contained ideas for developing bilateral Moamen Fouda attended the inaugu- Isaac, former presidential candidate the new patriarch. relations, “especially in the fields of econ- ration on the president’s behalf. and Popular Current leader Hamdeen The mass was held at the Virgin omy, investment, trade and agriculture”. “We pray for the president and all Sabahy, and former deputy prime min- Mary Lady of Egypt Cathedral in Morsi expressed “his interest in open- officials to be guided by God to what ister Yehia Al-Gamal. Representatives Nasr city. ing new horizons for bilateral coopera- tion to serve the interests of the two countries”. He also informed the Suda- nese representatives of his desire to visit Interior Ministry to resort to AFP Photo / Khaled DesoukiAFP Photo Sudan “at the earliest opportunity”. Large queues formed around gas stations in Cairo, Giza and several Morsi also highlighted Egypt’s com- other governorates as microbuses, buses and trucks waited to fill their mitment to support the reconstruction gradual use of force vehicles with available diesel fuel of the conflict torn region of Darfur “and the willingness of the Egyptian The ministry’s head of the General Administration for Media and Public Relations said the Though it is not the first time a gas they have been in the past. Daily News companies in the public and private sec- or diesel shortage has plagued Cairo Egypt investigates the mounting fuel tors to contribute to the reconstruc- ministry will resort to use of force based on rules and laws and several other governorates, the problems in the country, looking at tion of the region”. He also informed recent crisis in Egypt has left the how they are affecting ordinary citi- Sese and Ismail that Egypt will attend By Hend Kortam capital city paralysed due to a major zens and what the government is do- a conference in Doha in April on the strike organised by microbus drivers. ing in response. reconstruction of Darfur. Top police officials said the police will It seems these strikes by transpor- resort to the gradual use of force in tation drivers are much larger than Feature on page 4 Continued on page 2 accordance to rules and laws.
Recommended publications
  • Epilogue: New Perspectives on Egypt's Democratization
    EPILOGUE: NEW PERSPECTIVES ON EGYPT’S DEMOCRATIZATION INTRODUCTION This chapter explores Egypt’s democratization from fve different inter- related perspectives. First a review of the literature on democratic transi- tion, or ‘transitology,’1 is presented which details the non-linear nature of democratization processes. Secondly, a diagnosis of Egypt’s political system after El-Sisi ascended to power is offered. It is argued here that Egypt under both Morsi and El-Sisi has taken no steps towards democ- racy and hence after two successive revolutions, Egypt can be defned as a ‘destabilized hybrid regime’. The third part explores how Egypt can move from a ‘destabilized hybrid regime’ into a democratic state. Six factors that might affect Egypt democratization have been analyzed: socioeconomic factors; political parties; civil society; external support; state-religious relations; the rule of law and constitutionalism; and fnally (explored more fully in Chap. 7) civil–military relations. The fourth part explores how Egypt can learn from failed and unconsolidated (unfn- ished) democratic models from other areas of the world. Of the suc- cessful examples—some had the support of external parties such as the EU, NATO, and the US; some had active political parties; and others had healthy civil societies. However, Egypt had none of these. The ffth part addresses how Egypt can learn from Rustow’s model for demo- cratic transition, which elevates the role of human actors in the process of democratization and identifes four phases needed to establish a lasting © The Editor(s) (if applicable) and The Author(s) 2018 217 A.A.-D. Arafat, Egypt in Crisis, DOI 10.1007/978-3-319-56020-5 218 EPILOGUE: NEW PERSPECTIVES ON EGYPT’S DEMOCRATIZATION democracy.
    [Show full text]
  • News Coverage Prepared For: the European Union Delegation to Egypt
    News Coverage prepared for: The European Union delegation to Egypt . Disclaimer: “This document has been produced with the financial assistance of the European Union. The contents of this document are the sole responsibility of authors of articles and under no circumstances be regarded as reflecting the position of IPSOS or the European Union.” 1 . Thematic Headlines Domestic Scene Ganzouri: Security Is Our Top Priority Ministerial Cabinet Sit-In Continues El-Mulla: Armed Forces Budget Remains Autonomous Second Election Phase New Interior Minister Mubarak Still Alive Egyptian Bloc and FJP Go Head To Head in Giza Al-Khodairy: Voters’ Choice Must Be Respected FJP’s Deputy Chairman in the Elections FJP in the Elections Luxor Candidate Says Vote Count Was Rigged Bakri Responds To Forgery Accusations Moussa: A Presidential Regime Is Better FJP Withdraws From SCAF’s Advisory Council Lawsuit to Enable Alaa Abd El-Fattah to Vote SCAF meets political forces to discuss advisory council New Alliance between Liberal Parties Islamic Parties Get Ready For the Second Phase Mubarak’s Personal Secretary Jailed on Illicit Gain Charges Democratic Alliance Nominates Candidate to Head Parliament Expat Voting For the Second Phase Starts Tourism Demonstration Election Updates in Gomhoria El-Essawi: No One Died In Mohamed Mahmoud Presidential Candidates Comment on Islamists Rise in the Elections Election Updates in Dostour Ashour and El-Awa Meet To Help SCAF Wasat Plans on Winning More Seats Election Updates in Al-Tahrir Protestors
    [Show full text]
  • 이집트 신정부 수립 100일 이후 경제 및 진출환경 전망 Contents
    G lobal M arket Report 12-063 2012.10.05 이집트 신정부 수립 100일 이후 경제 및 진출환경 전망 CONTENTS 목 차 요 약 / 3 I. 2012 대선 이후 이집트 정세 / 4 1. 대선 이후 이집트 정세 / 4 2. 신정부의 외교정책 및 대외활동 / 8 3. 신정부의 당면과제 / 9 참고 1. 2012 이집트 대선 최종 결과 / 11 참고 2. 무르시 대통령 주요 경력 / 12 II. 신정부의 경제정책 분석 / 13 1. 주요 경제정책 방향 / 13 2. 대외경제협력 / 15 III. 대선 이후 이집트 경제 및 진출환경 전망 / 21 1. 이집트 경제 동향 / 21 2. 진출환경 전망 (무역, 투자, 지역개발) / 25 3. 현지 진출기업 및 바이어의 진출환경 전망 / 34 Ⅳ. 시사점 / 36 Global Market Report 12-063 요 약 □ 2012년 6월 24일 이집트 민주화 운동 이후 첫 대선 결과 발표. 무슬림형제단 출신의 무함마드 무르시 대통령 당선 □ 무르시 대통령은 7월 24일 히샴 칸딜 총리 지명과 함께 8월 2일 35개 부처 내각을 구성하여 발표. 8월 12일 이집트 군최고위원회(SCAF)가 6월에 발표한 임시헌법을 폐지하고 신 헌법선언, 군부 주요인사를 해임 등 군부에 분점된 정권을 신정부로 집중 - 향후 신 헌법제정과 하원선거 진행상황과 결과가 정세에 영향을 미칠 전망 □ 무르시 대통령은 사우디, 중국, 이란, EU, 미국 등 활발한 방문외교를 추진, 경제 재건을 위한 국제사회의 지원을 확보 - 아프리카연맹, 이슬람협력기구, 아랍연맹 회의 참석을 통해 이집트 정부의 대외 위상을 재확립 □ 주요 경제정책으로는 ▲이슬람 금융 도입 및 보조금 제도 개혁을 통한 재정적자 완화, ▲해외투자유치와 자국 산업 육성을 통한 무역적자 해소, ▲실업 완화를 위한 노동법 개정 및 노동집약산업 육성, ▲지역 균형발전을 위한 특화 산업 개발 중심으로 추진 - 지역개발 및 인프라 구축 프로젝트로 카이로-알렉산드리아 고속철도 건설, 카이로 메트로 연장, 수에즈 산업단지 개발, 전력 인프라 확충, 담수화 플랜트, 항만 확장 프로젝트 등 추진을 계획 □ 민주화 운동 이후 수립된 첫 민주정부로 국제사회의 환영과 지원을 받고 있으며, 사우디 정부로부터 15억 달러, 8월 중국 방문시 양국 공동사업을 위한 7,000만 달러 무상원조를 받음 - 이집트 정부는 8월 IMF 총재 방문시 48억 달러의 차관을 공식 요청하였으며 현재 차관 제공 협상 중 □ 무르시 정부는 민주화 운동으로 악화된 치안 확보와 경제 재건에 주력하고자 하며, 산업 육성, FTA 체결, 투자환경 개선 등 대외개방 경제정책 가시화시 우리기업의 진출 기회로 작용할 전망 - 특히 정부 주도 프로젝트 추진시 자금 조달의 제약으로 민관합동투자(PPP) 방식이 주로 활용될 것으로 예상 3 Global Market Report 12-063 Ⅰ 2012 대선 이후 이집트 정세 1.
    [Show full text]
  • The Egyptian Experience of the Muslim Brotherhood in Power 2012-2013
    Report II: The Muslim Brotherhood in Power The Egyptian Experience of the Muslim Brotherhood in Power 2012-2013 A Report by 9 Bedford Row 3 June 2015 9 Bedford Row London WC1R 4AZ 0044 207 489 2727 www.9bri.com 1 Report II: The Muslim Brotherhood in Power Table of Contents CHAPTER 1: INTRODUCTION ........................................................................................ 3 1.1 SUBJECT MATTER OF REPORT .................................................................................... 4 1.2 METHODOLOGY .......................................................................................................... 5 CHAPTER 2: MORSI: AN UNLIKELY PRESIDENTIAL CANDIDATE ................... 6 2.1 INTRODUCTION .......................................................................................................... 7 2.2 THE FOUNDING OF THE FREEDOM AND JUSTICE PARTY .......................................... 7 2.3 SELECTING A PRESIDENTIAL CANDIDATE ............................................................... 12 2.3.1 Breach of promise ................................................................................................ 12 2.3.2 First choice for presidency .................................................................................. 14 2.3.3 Second choice for presidency .............................................................................. 16 2.4 MOHAMED MORSI’S CHANCE OF SUCCESS ............................................................. 18 2.5 REASONS FOR MOHAMED MORSI’S PRESIDENTIAL VICTORY ................................
    [Show full text]
  • Egypt's Judiciary
    Egypt’s Judiciary: A Tool of Repression Lack of Effective Guarantees of Independence and Accountability Composed of 60 eminent judges and lawyers from all regions of the world, the International Commission of Jurists promotes and protects human rights through the Rule of Law, by using its unique legal expertise to develop and strengthen national and international justice systems. Established in 1952 and active on the five continents, the ICJ aims to ensure the progressive development and effective implementation of international human rights and international humanitarian law; secure the realization of civil, cultural, economic, political and social rights; safeguard the separation of powers; and guarantee the independence of the judiciary and legal profession. ® Egypt’s Judiciary: A Tool of Repression Lack of Effective Guarantees of Independence and Accountability © Copyright International Commission of Jurists Published in September 2016 The International Commission of Jurists (ICJ) permits free reproduction of extracts from any of its publications provided that due acknowledgment is given and a copy of the publication carrying the extract is sent to its headquarters at the following address: International Commission of Jurists P.O. Box 91 Rue des Bains 33 Geneva Switzerland This report was made possible with the support of the Open Society Foundations. Egypt’s Judiciary: A Tool of Repression Lack of Effective Guarantees of Independence and Accountability Egypt’s Judiciary: A Tool of Repression Lack of Effective Guarantees of Independence
    [Show full text]