Egypt’s politics digest Aug. 12: Member of Parliament criticizes conflicted official reports on inflation rate, another says IMF loan to raise economy’s credibility
596 Parliament members to swear in Sunday

CAIRO: No more browsing from site to site, view the top political news stories on August 12 here:


IMF loan to increase credibility of Egypt’s economy: parliamentary committee

MP Mohamed Abdel Hamid, the undersecretary of economic affairs sub-committee at the parliament, said that the IMF loan will increase credibility of the Egyptian economy, and reinforces the investors’ impression that the Egyptian economy is capable of recovering and growing.


Conflicted official reports on inflation rate “unacceptable”: MP

Member of Parliament Silvia Nabil criticized conflicted reports by two official bodies on the size of the inflation in Egypt, saying “this is unacceptable,” she told Youm7.

Citizens have noticed a remarkable increase in prices over the last period, especially during the past three months, which requires putting an economical plan that increases production rates and enables state to increase exports, added Nabil.

The Central Bank of Egypt has issued a statement saying that the inflation rate has decreased by 12.31 percent in July, while the Central Agency for Public Mobilization and Statistics (CAPMAS) stated that the rate has increased by 14.8 percent.


Churches construction law on parliament’s radar: MP

MP Suzy Nashid said that the law organizing the construction of churches is on the top of priorities of the legislative committee, adding that he committee is currently discussing a law about illegal immigration.


Parliament discusses applying health insurance to all Egyptians

The health affairs committee at the parliament is discussing a recommendation to apply comprehensive health insurance system to all Egyptians, including medium and low income citizens.



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