The Libyan Banking Sector: A Microcosm of Global Enduring Disorder
This paper investigates the ongoing Libya conflict through the Enduring Disorder paradigm, focusing on the financial and banking sectors, honing in on stakeholder perceptions of the Central Bank of Libya (CBL), its transparency/opacity, and the “narrative wars” over who is to blame for, and who benefits from, Libya’s economic dysfunction, the lack of an annual budget, and the current lack of a quorum on the CBL board.
Egyptian government walks risky economic tightrope to fulfill its loan conditions to IMF
As a condition of its $3 billion loan from the IMF, the Egyptian Central Bank confirmed its pledge to maintain a durably flexible exchange rate. The Egyptian pound quickly and sharply dropped, but economists are cautiously optimistic that Egypt can sustain the current crisis and repay its debts. The government is walking a tight rope, attempting to raise revenues and attract investments without exacerbating the tough living conditions at home.
Eastern Mediterranean gas discoveries, progress, and what to watch in 2023
The challenge of developing export strategies for the offshore natural gas resources concentrated in the Eastern Mediterranean predates the Russo-Ukrainian war. Yet over the course of 2022, Europe’s intensifying energy crisis created a new and more immediate incentive to solve those export challenges, despite a great deal of work still to be done.
Dispatches from Sharm el-Sheikh: Reviewing COP27 from the MENA perspective
Participating in COP27 provided a unique opportunity to view the proceedings firsthand and evaluate the effectiveness of the meeting in advancing critical climate priorities that can alter the alarming trajectory of future climate change.
Egyptian “national dialogue” will kick off amid difficult domestic situation
The “national dialogue” that Egyptian President Abdel-Fattah el-Sisi called for more than five months ago has nearly concluded its lengthy preparatory stage, though the official launch has repeatedly been pushed back. It will be a rare chance for opposition parties to present alternative policies to those of the president. But whether the dialogue marks a genuine change in the regime’s authoritarian policies remains to be seen.
