- By David BoscoDavid Bosco, a Foreign Policy contributing editor and assistant professor at American University's School of International Service. He is at work on a book about the International Criminal Court's first decade.
Just a few days after widely reported sparring between Egyptian activist Wael Ghonim and IMF managing director Dominique Strauss-Kahn over past international financial support to the Mubarak regime comes news that Egypt is likely to ask the Fund for new funds. From Bloomberg:
Egypt, whose economy is reeling under the impact of a revolt that toppled President Hosni Mubarak in February, needs between $3 billion and $4 billion from the IMF for the remainder of the current fiscal year through June and the following 12 months, Radwan said in Washington after talks with the global lender. He also discussed obtaining a $2.2 billion soft loan from the World Bank, according to state-run Middle East News Agency.
Egypt’s budget deficit may widen to 9 percent of gross domestic product this fiscal year, Radwan said on April 3 in Cairo. Economic growth may slow to as low as 2.5 percent in the same period, compared with 5.1 percent in the previous 12 months, he said.
During their back-and-forth, Strauss-Kahn asked Ghonim whether activists would criticize the Fund if it responded to a new Egyptian request for aid. We may find out sooner than expected.
Josh Rogin covers national security and foreign policy and writes the daily Web column The Cable. His column appears bi-weekly in the print edition of The Washington Post. He can be reached for comments or tips at email@example.com.
Previously, Josh covered defense and foreign policy as a staff writer for Congressional Quarterly, writing extensively on Iraq, Afghanistan, Guantánamo Bay, U.S.-Asia relations, defense budgeting and appropriations, and the defense lobbying and contracting industries. Prior to that, he covered military modernization, cyber warfare, space, and missile defense for Federal Computer Week Magazine. He has also served as Pentagon Staff Reporter for the Asahi Shimbun, Japan's leading daily newspaper, in its Washington, D.C., bureau, where he reported on U.S.-Japan relations, Chinese military modernization, the North Korean nuclear crisis, and more.
A graduate of George Washington University's Elliott School of International Affairs, Josh lived in Yokohama, Japan, and studied at Tokyo's Sophia University. He speaks conversational Japanese and has reported from the region. He has also worked at the House International Relations Committee, the Embassy of Japan, and the Brookings Institution.
Josh's reporting has been featured on CNN, MSNBC, C-Span, CBS, ABC, NPR, WTOP, and several other outlets. He was a 2008-2009 National Press Foundation's Paul Miller Washington Reporting Fellow, 2009 military reporting fellow with the Knight Center for Specialized Journalism and the 2011 recipient of the InterAction Award for Excellence in International Reporting. He hails from Philadelphia and lives in Washington, D.C.| The Cable |