Egypt’s new rulers offer liberal reforms backed by an iron fist

Issue 258 - 12 Jul 2013 - By Jon Marks

Business leaders, the liberal policy establishment and conservative states anxious to see stability restored to a region wracked by turmoil since the 2011 Arab Spring will warm to the policy mix likely to be introduced by Egypt’s new interim government, led by a little-known lawyer and an economist of the Washington school. Interim prime minister Hazem El-Beblawi is likely to seek an early deal with the International Monetary Fund (IMF) and the full disbursement of some $8bn committed by Saudi Arabia and the United Arab Emirates (UAE). Meanwhile, his government will scramble to secure energy imports – when ministers and new parastatal heads are finally appointed – as the threat of blackouts looms over the holy month of Ramadan

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