IMF warns against Egypt’s military dominance over economy

The International Monetary Fund (IMF) has issued a warning regarding Egypt's economy, citing the military's dominance as a hindrance to private sector growth. According to the IMF, military-owned firms receive preferential treatment, such as tax breaks and privileged access to credit, which distorts the market and sidelines private sector competitors. Despite some economic steps taken by Cairo, progress has been slow, leaving key problems unresolved, including high public debt. This economic model has led to soaring inflation and financial strain for everyday Egyptians.