Egypt: IMF ways could be shown the door

Egypt could soon be looking for a new economic model – one that will be different from the traditional system that has been promoted for years by international financial institutions such as the World Bank, the IMF, and the US Agency for International Development (USAID), under the reign of ousted president Hosni Mubarak. Since the mid 1980’s, the World Bank, the IMF, and USAID have sought to encourage policies that limit the role of government in the economy, cut budget deficits, and give more influence to the private sector and corporations.