{"id":628056,"date":"2018-06-24T04:29:36","date_gmt":"2018-06-24T04:29:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/imf-takes-the-middle-ground-in-the-militarys-role-in-the-economy-debate\/"},"modified":"2018-06-24T04:29:36","modified_gmt":"2018-06-24T04:29:36","slug":"imf-takes-the-middle-ground-in-the-militarys-role-in-the-economy-debate","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/imf-takes-the-middle-ground-in-the-militarys-role-in-the-economy-debate\/","title":{"rendered":"IMF takes the middle ground in the military\u2019s role in the economy debate"},"content":{"rendered":"

IMF weighs in on the military\u2019s role in the economy debate:<\/strong> Although The Egyptian military\u2019s economic activities \u201caren't particularly in contradiction with the IMF policy,\u201d it's up to the state to establish a \u201cfast-growing economy whose main pillar [ought to be] the private sector rather than the public sector or the state,\u201d IMF mission chief to Egypt Subair Lall tells Al Monitor in an interview<\/a>. The government should \u201creduce the state\u2019s control in general, not specifically the military, over economic activities, in line with the agreed objectives of the economic reform plan,\u201d Lall added. Lall\u2019s statements underscore the middle ground the IMF is taking on the debate. A series of stories in the international press have drawn attention to what some claim is the military\u2019s growing role in the economy. Most notable of these was a year-long Reuters investigation<\/a> and, most recently, a long recap of the issue from the Wall Street Journal<\/a>. Military Productions Minister Mohamed El Assar subsequently refuted<\/a> the claims, noting that 75% of the ministry\u2019s projects come in partnership with the private sector. \u201cEconomic reform experiences in many developing countries show that excessive state intervention in the economic sector doesn't affect competition as [much as] some might claim,\u201d said Lall.<\/p>\n

More needs to be done to spur private sector growth:<\/strong> Lall urged for more measures to encourage private sector growth. \u201cThe state has to encourage competition and remove any obstacles facing investors in acquiring lands and investments. It has also to work on increasing economic transparency by passing legislation to this effect, eliminating bureaucracy and developing infrastructure, which will help the private sector increase investment, develop the economy and create the required job opportunities,\" he added.<\/p>\n

Meanwhile: Egyptians are using dueling hashtags on Twitter, one side to call for President Abdel Fattah El Sisi to resign, the other to voice support<\/strong>, Menna Zaki writes for the AP<\/a>. The hashtags \u2014 #Sissi_Leave and #MyLeaderIsSissiAndProud \u2014 have been gaining momentum since the government moved to raise fuel prices over the Eid break.<\/p>\n","protected":false},"excerpt":{"rendered":"

IMF weighs in on the military\u2019s role in the economy debate: Although The Egyptian military\u2019s economic activities \u201caren't particularly in contradiction with the IMF policy,\u201d it's up to the state to establish a \u201cfast-growing economy whose main pillar [ought to be] the private sector rather than the public sector or the state,\u201d IMF mission chief […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7233],"tags":[2386,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628056","post","type-post","status-publish","format-standard","hentry","category-egypt-in-the-news","tag-egypt-in-the-news","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"4fdf8610-2787-4f05-8cdd-d0354bbd52d0","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[628029],"teaser":"","voice_url":""},"yoast_head":"\nIMF takes the middle ground in the military\u2019s role in the economy debate - 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The minister said\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/10\/262.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598213,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/19\/egypt-imf-reach-staff-level-agreement-to-unlock-final-tranche-of-usd-12-bn-facility\/","url_meta":{"origin":628056,"position":1},"title":"Egypt, IMF reach staff-level agreement to unlock final tranche of USD 12 bn facility","author":"enterpriseam admin","date":"19 May 2019","format":false,"excerpt":"Egypt, IMF reach staff-level agreement to unlock final tranche of USD 12 bn facility: Egypt has reached a staff-level agreement with the IMF over the disbursement of the sixth and final USD 2 bn tranche of its USD 12 bn extended fund facility, according to a statement issued by the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576881,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/01\/the-fts-big-read-goes-long-on-egypts-economy-human-rights-and-cop27-are-still-leading-the-conversation-in-the-mainstream-press\/","url_meta":{"origin":628056,"position":2},"title":"The FT\u2019s Big Read goes long on Egypt\u2019s economy + human rights and COP27 are still leading the conversation in the mainstream press","author":"enterpriseam admin","date":"1 November 2022","format":false,"excerpt":"Human rights + COP27 are still topping headlines on Egypt in the foreign press after Swedish climate activist Greta Thunberg yesterday criticized the global summit and the decision to hold it in Egypt (more on this in this morning\u2019s What We\u2019re Tracking Today, above). Meanwhile, the Guardian has a critical\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":582464,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/06\/economic-overhaul-needed-to-make-imf-program-a-success-says-iif\/","url_meta":{"origin":628056,"position":3},"title":"Economic \u201coverhaul\u201d needed to make IMF program a success, says IIF","author":"enterpriseam admin","date":"6 March 2023","format":false,"excerpt":"Egypt needs to \u201coverhaul\u201d its business environment for the latest IMF program to succeed: That\u2019s the conclusion of the Institute of International Finance (IIF), which published a report last month following a visit to Cairo to talk with policymakers and representatives of financial institutions, including the IMF.The good: \u201cEgypt\u2019s challenges\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Cairo-traffic-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592636,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/could-military-owned-companies-be-set-to-list-on-the-egx\/","url_meta":{"origin":628056,"position":4},"title":"Could military-owned companies be set to list on the EGX?","author":"enterpriseam admin","date":"3 November 2019","format":false,"excerpt":"PRIVATIZATION WATCH- Could military-owned companies be set to list on the EGX or sell stakes to the private sector? 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Figures in the Fund\u2019s latest Fiscal Monitor Report (pdf) suggest that the outlook for Egypt\u2019s fiscal position has improved over the past\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/78.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=628056"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628056\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/628029"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=628056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=628056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=628056"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=628056"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=628056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}