Skip to main content

Will Egyptians open their wallet to help Cairo get out of debt?

Egypt's president seems to think that millions of citizens donating 13 cents a day can boost Egypt’s dire economic situation — or at least boost his image.
sisiebay.jpg
Read in 

CAIRO — In a Feb. 24 speech at the Egypt Vision 2030 conference — a speech that lasted more than an hour and a half — President Abdel Fattah al-Sisi pointed to a series of indicators showing the difficult economic conditions in the country in light of poor revenues and Egypt’s need for imported food and petroleum products.

To describe the gravity of the situation, Sisi said, “I will use the expression 'very, very difficult.' … If it were possible for me to be sold, I would sell myself." Sisi then called on every Egyptian who has a mobile phone to donate one Egyptian pound (13 cents) every day by sending a text message to the Long Live Egypt Fund.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.