Posted 1/4/2024, 3:02:45 PM
El-Sisi Wins Third Term Amid Economic Crisis and Low Voter Turnout
- El-Sisi won a third presidential term with 89.6% of the votes, but faced low voter turnout in past elections
- The government has embraced and encouraged pro-regime parties like Mustaqbal Watan to get out the vote
- Egypt faces severe economic crisis - weak currency, inflation, capital flight, growing debt
- Additional financial aid from Saudi Arabia, UAE, and IMF reflects Egypt's geopolitical significance
- Managing $29.2 billion in external debt obligations in 2024 will be a critical challenge