Al-Sisi begins his third term in office supported by a $50 billion rescue plan. The former defense minister turned statesman won the presidential elections that took place in December.
Sisi pledged to adopt a “comprehensive institutional reform” that would rationalize public spending, build revenues, and move toward “more sustainable paths of public debt” He added that the authorities would move forward with their plans to make Egypt a regional center for trade, transportation, and renewable energy.