Sisi pushed into the corner by Egypt’s difficult economic situation and his dire human rights record

The Egypt Economic Conference, a three-day, government-organized forum about the future of Egypt’s economy, kicked off in Cairo Sunday with self-congratulatory speeches from Abdel Fattah al-Sisi and other state leaders.

After decades of poor economic decisions by Egypt’s leaders, al-Sisi said:

“The events of 2011 and 2013 came to destroy the rest of the state’s capabilities and to increase and exacerbate the challenges of the crisis. They almost completely destroyed the present and future of this nation.”

Sisi claimed that he has had to overcome resistance from security bodies and the rest of the establishment, who fear the public’s reaction, to achieve economic reform.

“I am not defending myself but rather the path, the idea, and the philosophy of governance,” he added.

Prime Minister Mostafa Madbouly, for his part, defended the government’s privatization scheme.

He also acknowledged that Egypt’s external debt has “exceeded the safe limits” as the government seeks another loan from the International Monetary Fund. Madbouly said yesterday that they are putting the “final touches” on the deal.

Newly appointed Central Bank Governor Hassan Abdalla also revealed that Egypt is developing a new currency indicator to stop the pound from constantly being compared to the dollar.

“America is not my major trading partner,” he said. “I don’t know why people are always fixated on the dollar.”

Mohamed Ali comments

Mohamed Ali, an Egyptian actor and contractor, considered the Economic Conference Egypt 2022, supervised by Abdel Fattah Al-Sisi, the head of the Egyptian regime, as an attempt to calm down public opinion, in the wake of calls to demonstrate on November 11, in coincidence with the Climate Summit.

In a video clip posted on his YouTube channel, Mohamed Ali said that every time Sisi did not give up his old habit, as sometimes meets with ministers and at other times with the prime minister and pretends to review alleged achievements and so on.

“And when the situation is calm, he (Sisi) tells us that ‘I can’t afford feeding the people,, I can’t afford for their education, I can’t ford for their medical treatment, stand beside me.” Ali added.

On the points that Sisi handled at the economic conference, the Egyptian actor said that the new administrative capital to which the head of the regime is promoting is controlled by the army and the police, adding: “Everyone who will demonstrate on 11/11 must demand an apartment, because it is impossible to buy an apartment now because everything is in the hands of government officials and the armed forces.”

“The army and police, to whom we pay their salaries in order to protect us, come after a while in order to sell us the apartments they had obtained from the government,” wondering: “Where have you brought this money from?” he wondered.

A state of anxiety and anticipation prevails among all Egyptians about what may result from the demonstrations scheduelled on 11 November, amid calls by opponents of the Sisi regime, in conjunction with the Climate Summit in Sharm El-Sheikh on November 6, where activist Mohamed Ali is one of the the most prominent faces that are calling for the demonstration on 11/11.

Mohamed Ali said that the November 11 demonstrations, which he called the “climate revolution”, is a golden opportunity, as it comes during the activities of the Climate Summit conference from all the States Parties to the United Nations Framework Convention on Climate Change “COP27”.