From the Editors
The New York Times says Jadaliyya "Brings New Life to Arab Studies." Read about it by clicking here.
[The following letter was issued on 11 November 2012 in light of the ongoing negotiations between the government of Egypt and the International Monetary Fund (IMF). It was issued by various organizations, political parties, movements, and syndicates to express their disapproval of this process.]
Dr. Hisham Qandil
Prime Minister of Egypt
Magles El Shaab St.,
Kasr El Aini St.Cairo
Ms. Christine Lagarde
International Monetary Fund,
700 19th Street N.W.
Washington, D.C. 20431
11 November 2012
Dear Dr. Qandil and Ms. Lagarde,
We, the undersigned civil society groups and political parties, are writing to express our concerns about the proposed $4.8 billion International Monetary Fund (IMF) loan to Egypt that is currently under negotiation. We reject the loan negotiations on the following basis:
The negotiations of the terms and conditions of the loan agreement, including the government’s economic reform program, have lacked transparency on the part of both the IMF and the Government of Egypt. Moreover, these negotiations have continued in the absence of an elected parliament, which was dissolved on 14 June 2012, and with the president of Egypt holding full legislative authority. Any agreement under these circumstances would contravene the democratic principle of separation of powers and Egypt’s longstanding constitutional requirement of parliamentary oversight over executive decisions.
Furthermore, the public consultations carried out by the government to date to solicit societal feedback on the loan have been exclusionary and inaccessible. They do not fully represent Egypt’s civil society and political groups.
There is no clarity on the part of the government about how the loan will contribute to a national economic plan of inclusive growth and social justice that addresses the structural problems of the Egyptian economy and meets the needs of the Egyptian people. We worry that this potential loan agreement and the policies connected to it will represent a continuation of the old regime’s economic policies, particularly as they relate to the incursion of debt. The austerity measures associated with this potential loan agreement, including cutting subsidies as well as other deficit reduction policies, may aggravate the economic deprivation of a large section of the population, threatening their basic economic and social rights.
With little transparency and no clear economic program, the potential loan agreement continues to lack the “critical mass” of support that the IMF requires as a necessary condition for financial assistance. For that reason, we believe that negotiations for the proposed loan should be frozen.
- The Popular Current Party
- The Egyptian Current Party
- The Strong Egypt Party
- The Popular Alliance Party
Civil Society Organizations:
- Egyptian Center for Economic and Social Rights (ECESR)
- Egyptian Initiative for Personal Rights (EIPR)
- Hisham Mubarak Law Center
- Association for Freedom of Thought and Expression (AFTE)
- Egyptian Foundation for the Advancement of Childhood Conditions
- Habi Center for Environmental Rights
- Cairo Institute for Human Rights Studies
- Egyptian Women Legal Aid
- The Egyptian Association for Community Participation Enhancement
- New Woman Foundation
- Act Egypt
- Arabic Network For Human Rights Information
- Egyptian Federation for Independent Trade Unions
- Federation of Teachers
Movements & Campaigns:
- Popular Campaign to Drop Egypt’s Debt
- April 6th Movement
If you prefer, email your comments to firstname.lastname@example.org.
Hot on Facebook
Jadalicious / جدلشس
The project does not take for granted the notion that these are truly competitive elections equally accessible to all important social forces in Egypt, and featuring serious candidates and real political parties with meaningful agendas and coherent political platforms.click | email | tweet
Latest EntriesView All Entries »
- The Land of Fear and Oppression
- مضيق المتعة
- Egypt Two Years after the Coup
- Mahienour Al-Masry: An Icon of the Revolution in Prison
- Egypt under the New July Republic
- In Response to Mubarak
- More than Money on their Minds: The Generals and the Economy in Egypt Revisited
- The Saudi Leaks and Egypt: A Recap
- New Texts Out Now: Marc Morjé Howard and Meir R. Walters, “Mass Mobilization and the Democracy Bias”
- New Texts Out Now: Reem Abou-El-Fadl, Revolutionary Egypt: Connecting Domestic and International Struggles
- Photography Media Roundup (July 2)
- Meydan Politics: Taksim in Flux after Gezi
- DARS Media Roundup (June 2015)
- New Texts Out Now: Mohammad Mehdi Khorrami, Literary Subterfuge and Contemporary Persian Fiction: Who Writes Iran?
- Alif: Aynama-Rtama
- Turkey Media Roundup (June 30)
- Syria Media Roundup (June 30)
- Arabian Peninsula Media Roundup (June 30)
- The Light Bulb and the Oak Tree: Politics of Space Meets the Ballot Box
- خلايا حيّة