Egypt’s President Abdel-Fattah el-Sisi is facing mounting economic and political pressures. Far from signalling that salvation is at hand, the International Monetary Fund's (IMF) $3 billion loan announced in mid-December highlighted the challenges ahead and the limited assistance Egypt will receive to meet them. The relatively small amount of the loan and stringent conditions attached to it indicate that Egypt’s once fulsome reception at international financial institutions and the OECD countries backing them has been supplanted by distrust and scepticism. Taking some ten months to negotiate and amounting to only a third of the original request, the IMF loan will add
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