![A coffee shop that ran out of business near the Giza Pyramids, Egypt, Aug. 8, 2016 (AP photo by Nariman El-Mofty).](https://www.worldpoliticsreview.com/wp-content/uploads/2016/08/l_egypt_8192016_1.jpg?w=519&h=259&crop=1)
Last week, the International Monetary Fund agreed to a tentative deal with Egypt to loan it $12 billion over three years, in exchange for undertaking major economic reforms. The Arab world’s most populous country, Egypt has been cash-strapped and staggering from crisis to crisis in the five years since longtime President Hosni Mubarak was toppled in a popular uprising. President Abdel-Fattah el-Sisi, who ousted Mohammed Morsi in a coup in the summer of 2013, came to power with the promise of righting the economy, but that hasn’t happened. Instead, el-Sisi has taken after his predecessors and pursued grandiose development projects, […]