Egypt has been ranked as “the country second most at risk of a debt crisis” after war-torn Ukraine, according to an analysis by Bloomberg. Official data showed that, taking into account public debt, interest costs and yield on dollar bonds, Egypt’s economy was the most at risk in the Middle East and second in the world. According to Bloomberg, Tunisia, Bahrain and Jordan ranked respectively after Egypt as the most at risk of debt crisis in the Arab world. Commenting on the report, political economist and Deputy Director of the Tahrir Institute for Middle East Policy, Timothy Kaldas, said, “Ukraine was invaded by the Russian army, while the Egyptian economy was invaded by its [own] army.” READ: Egypt: expectation of […] Source
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