Egypt: IMF Bailout Highlights Risks of Austerity, Corruption

Washington — Some Positive Steps on Social Protection, Transparency

The International Monetary Fund’s new US$3 billion loan agreement with Egypt largely continues an economic approach that leaves the economic rights of millions unprotected, Human Rights Watch and Democracy in the Arab World Now (DAWN) said today.

The agreement includes improved efforts to address deep-seated structural problems such as the opaque role of the military in the economy and inadequate social protection. But other…