Middle East Research and Information Project: Critical Coverage of the Middle East Since 1971

Egypt’s external debt—the sums owed to other governments, private multinational banks and multilateral agencies like the World Bank—increased on an average of 28 percent per year under Anwar al-Sadat, compared to 13 percent over the previous ten years. Sadat’s decade also witnessed important shifts in the origin and structure of this debt, in a manner that paralleled—and to a large extent financed—Egypt’s political reorientation.

To continue reading this article, please login or subscribe.

How to cite this article:

Joe Stork "Egypt’s Debt Problem," Middle East Report 107 (July/August 1982).
Cancel