Editorial Board

Egypt's Failing Economy Is Sisi's Fault

The IMF should tell the president to stop acting like a pharaoh and boost his country's economy.

How about building some roads?

Photographer: David Degner

The International Monetary Fund is riding to Egypt's rescue. On Thursday it announced that its staff had recommended a three-year loan package of $12 billion, which is expected to be boosted with many more billions from the Arab Gulf states. Egypt, mired in an economic slump with high unemployment and rising inflation, certainly needs the help. But if recent history is any guide, it's likely to be good money thrown after bad.

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