Future of Egypt bill is 'slap in the face' to IMF

Egypt's proposed draft law to expand the Future of Egypt Authority is seen as a significant power grab by President Sisi, potentially undermining the International Monetary Fund's (IMF) ongoing reform efforts. This move has been criticized as a direct challenge to IMF-imposed economic restructuring, raising concerns about the country's commitment to international financial agreements. The implications could strain Egypt's relationship with the IMF and affect its ability to secure future financial aid, impacting the nation's economic recovery and stability.