ASSESSMENTS

Egypt Covers Up Its Real Problems

Mar 23, 2016 | 09:00 GMT

Egypt Covers Up Its Real Problems
Egyptian President Abdel Fattah al-Sisi plans to fire around a quarter of his cabinet ministers on March 23.

(KHALED DESOUKI/AFP/Getty Images)

The Egyptian government has yet to enact a comprehensive solution to the country's deepening economic malaise. However, President Abdel Fattah al-Sisi has found a way to avoid shouldering the blame for Egypt's steep trade imbalance and dwindling foreign reserves. On March 23, the government plans to fire about a quarter of its Cabinet ministers, who are supposedly responsible for Egypt's economic problems, in an attempt to redirect growing public opposition away from the al-Sisi administration. But like Egypt's reliance on foreign aid to subsidize domestic programs, the change is less a solution than a stopgap measure. It may protect the government's public image for now, but it will not alleviate the sense of uncertainty pervading Egyptian markets....

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