Thursday, 10 December 2020

{الفكر القومي العربي} Fwd: Re: Some though on a resistance action

> This letter and attachment is written by Dr. Mahmoud Wehba , a brilliant economist and a very successful Egyptian business man. Dr. Wehba heads the Egyptian Technocrats. The letter was sent to International Monetary Fund.
> I was asked to be the spokesperson to the group
>
> Here is an idea for you to discuss with me.
> > >> Sisi's regime lives on the edge. They pay old debt with new debt.
> > >> The borrowing is from overseas. We are overseas. We have some lever to put pressure on the lenders, all of them and possibly reduce the flow of loans to Sisi.
> > >> The enclosed letter to the IMF which I sent today is the beginning but we can create a campaign around that objective. These letters are called Hunger Debt letters.
> > >> The remittance of Egyptian abroad is another life line, $28 Billion, without which they cannot survive because it cover the deficit in the current account.
> > >> If that is reduced by one third only, it will force Sisi's regime on their knees. We can enlist all the opposition to participate in the campaign United on other issues or not.
> > >> My guesstimate, if we succeed in reducing the loan flow,the system of three card game will break in 6 months to a year.
> > >> Reactions and ideas, please.
> > >>
> > >> Here is the letter we sent to the IMF.
> > >>
> > > <Last issue.docx>

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