How Egypt's military is dragging down its economy

This podcast episode delves into the complex economic challenges faced by Egypt, emphasizing the negative impact of the military's extensive economic involvement. The military's opaque operations and unsustainable mega projects have hindered the country's economic growth. Global events like the pandemic and the Russia-Ukraine conflict have exacerbated Egypt's economic crisis, leading to a devaluation of the Egyptian pound and a severe cost of living crisis. The International Monetary Fund (IMF) has offered loans in exchange for economic reforms, but implementation challenges and the military's reluctance to relinquish control of its assets have stalled progress.