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Wednesday, May 29, 2024

Egypt: Financing defense procurement amid economic instabilitynote

Over the past two years, Egypt has contended with fiscal crises and shortages of foreign currency, presenting significant economic challenges for the country.

The following note highlights the economic crisis’s impact on the Egyptian defense budget, including:

- The defense budget status amid the economic crisis

- Egypt's defense budget management strategy amidst economic downturn

- Sources for financing new military agreements

The note also outlines Egypt’s Ministry of Military Production (MoMP) funding process.


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