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May 16, 2023

Without Privatization, Egypt Risks Economic Collapse

The most populous Arab country might not be too big to fail.

Despite its pervasive anti-Semitism, Egypt remains one of the Jewish state’s most important strategic allies, as demonstrated by the role it played in securing a ceasefire during the most recent round of fighting in Gaza. Thus Jerusalem, as well as Washington, should be worried about the country’s parlous financial situation. David Schenker describes why the Egyptian economy went into “freefall” earlier this year:

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