IMF-Egyptian Debt Negotiations
By (author) Bessma Momani
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IMF-Egyptian Debt Negotiations by Bessma Momani
Book DescriptionThis monograph assesses the modus operandi of debt negotiations between Egypt and the International Monetary Fund (IMF), using the four agreements of 1987, 1991, 1993, and 1996. Political, technocratic, and individual bargaining factors are considered as possible explanations of processes and outcomes of IMF - Egyptian negotiations. Both the 1987 and the 1991 agreements were suspiciously negotiated, with political factors dominating processes and outcomes. Egypt's geopolitical role in international affairs is carefully examined as a possible variable. The final two agreements, signed in 1993 and 1996, were less clouded by political factors, allowing for the greater possibility of IMF due process to work. The more than ten-year IMF - Egyptian relationship was not without controversy and difficulty. From the role of the IMF in the American debt forgiveness of Egypt following the Gulf War to the ever-contentious issue of the devaluation of the Egyptian pound, dealing with the IMF has been an important feature of Egypt's politicking.
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Book DetailsISBN: 9789774249167
(216mm x 140mm x 8mm)
Imprint: The American University in Cairo Press
Publisher: The American University in Cairo Press
Publish Date: 1-Dec-2005
Country of Publication: Egypt
Books By Author Bessma Momani
Arab Dawn, Paperback (September 2015)
With insightful political analysis based on the latest statistics and first-hand accounts, Arab Dawn is an invigorating study of the Arab world and the transformative power of youth.
Shifting Geo-economic Power of the Gulf, Hardback (May 2011)» View all books by Bessma Momani
Investigates some of the 'new power brokers' in the world economy: the oil-exporting states of the Gulf. This title aims to fill this gap with a rigorous scholarly analysis based on primary sources and raw economic data. It brings together the expertise of academics who have devoted their career to careful study of the region.
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