Egypt: President Abdel Fatah al Sisi sworn in for a third term

He swore before Parliament its president for a third term in the leadership of the most populous Arab country. Abdel Fatah al Sisi has been in power for a decade and is expected to remain in the position of Egypt’s president until 2030. Last December he won the presidential election with 89.6% of the vote against three other candidates relatively unknown to the general public. Former army chief and defence minister, Sisi orchestrated in 2013, a year before his ascent to the presidency, the expulsion of Islamist President Mohammed Morsi, following mass popular demonstrations. His new term, beginning on Wednesday, April 3 and lasting six years, is supposed to be the last, under the Constitution. According to images of the inauguration ceremony broadcast by state television, Sisi issued his oath before Members gathered at Parliament’s seat, in the new administrative capital which was built at the presidency of the east of Cairo. The event also marks the opening of this new capital, according to local media. Cece’s new term begins amid a serious economic crisis, which has been marked by a galloping inflation and lack of liquidity that makes trade exchanges difficult. In the first quarter of 2024, Egypt however benefited from a tens of billions of dollars, including 35 billion from the United Arab Emirates and the addition of $5 billion to an initial loan of $3 billion from the International Monetary Fund. For Mr Sisi’s supporters, this serial foreign exchange is expected to put the economy back on track, but observers remain cautious about an improvement without structural reforms aimed at reducing state and military involvement in the economy.