by Mike Whitney, The Unz Review:
Recent developments suggest that Israel’s full-scale ground offensive in Rafah could take place at any time. What we have been told by Israeli officials, is that the operation will require the evacuation of the city, presumably so the IDF can inflict the same level of destruction on Rafah as was inflicted on Khan Yunis and Gaza City. Once the ground forces are deployed, the Palestinians will be forced to flee to the Egyptian border where they will seek refuge from the Israeli onslaught. What happens next is uncertain but –given the numerous meetings between Israeli and Egyptian officials and their respective Intel chiefs– we think there may be an agreement to allow over a million Palestinian refugees to cross the border into Egypt. Here are a few recent articles suggesting that Egypt may be getting paid to participate in Israel’s ethnic cleansing operation.
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1– Egypt signs expanded $8 billion loan deal with IMF, Reuters
The International Monetary Fund (IMF) said on Wednesday it would increase its current loan programme with Egypt by $5 billion…. The new agreement is an expansion of the $3 billion, 46-month Extended Fund Facility that the IMF struck with Egypt in December 2022….
Egypt is also seeking a separate loan from the IMF’s Resilience and Sustainability Facility which promotes climate transition financing. Egyptian Prime Minister Mostafa Madbouly said that loan would be $1.2 billion
2– EU announces €7.4 billion aid package for Egypt as concerns mount over migration, Le Monde
The European Union on Sunday, March 17 announced a €7.4 billion aid package for cash-strapped Egypt as concerns mount that economic pressure and conflicts in neighboring countries could drive more migrants to European shores….
The aid package includes both grants and loans over the next three years for the Arab world’s most populous country, according to the EU’s mission in Cairo….
The deal comes amid growing concerns that Israel’s looming ground offensive on Gaza’s southernmost town of Rafah could force hundreds of thousands of people to break into Egypt’s Sinai Peninsula. The Israel-Hamas war, now in its sixth month, has pushed more than 1 million people to Rafah.
3– World Bank Aid Pushes Egypt’s Global Bailout to Over $50 Billion, Yahoo finance
The World Bank on Monday said it would provide Egypt with over $6 billion, boosting the global bailout for the North African nation’s struggling economy to more than $50 billion in the past few weeks….
The announcement comes a day after the European Union pledged around $8 billion in aid, loans and grants. Those funds followed a newly-expanded $8 billion International Monetary Fund program that was unveiled hours after authorities enacted the nation’s biggest rate hike ever and devalued the currency for the fourth time since early 2022.
Obviously, heaping billions of dollars of loans on a debt-ridden nation whose moribund economy shows no sign of a rebound, is not normal procedure. One can only conclude that the money is being offered for some alternate purpose, that is, to deal with the surge of refugees that will soon be pouring over the border. But, if these articles have not yet convinced readers that the Egyptian government is in cahoots with Israel, then perhaps this March 23 column will:
