"Did the IMP Help Egypt?" (Hill, 2023, pp. 350-352)

Case Discussion Questions

1. Why was Egypt experiencing economic difficulties in the 2013-2016 period? To what extent were these problems the result of poor governance and economic mismanagement? 2. Why do you think Egypt pegged its exchange rate to the U.S. dollar? When the peg was removed in November 2016, the . Egyptian currency immediately fell by 50 percent against the U.S. dollar. What does this tell you about the peg?

3. What was the IMF trying to achieve with the conditions attached to its loans to Egypt? If implemented correctly, do you think they will ultimately improve Egypt's economy? Why might these conditions be difficult for Egypt to implement? 4. What else do you think needs to happen in Egypt, both politically and economically, in order for the country to grow its economy and increase living standards for its people?

Sources: H. Mahfouz and P. Schemm, "Struggling Egypt Devalues Currency by Almost 50% Ahead of IMF Loan," The Washington Post, November 3, 2016; L. Noueihed and A. Aboulenein, "Egypt on Track to Receive IMF Loan's Second Tranche," Reuters, January 18, 2017; "State of Denial," The Economist, August 6, 2016; T. Stevenson, "Egypt and the IMF: Success or Failure?" Middle East Eye, August 6, 2019. include in-text citations and references