The three scenarios ahead for multilateralism in 2024

News Snapshot:

When Russia invaded Ukraine in February 2022, the sharp global increase in grain and fertilizer prices disrupted the Egyptian economy, which was already worn down by the covid-19 pandemic, water shortages, and debt. Then came Russia’s withdrawal from the Turkish-mediated deal to allow Ukrainian grain exports through the Black Sea, which pushed prices up once again. By the time Hamas launched its barbaric attacks against Israel on 7 October, Egypt’s annual inflation rate was nearing 40%. Since then, the Israeli reprisals and the unprecedented Palestinian casualties they have caused in Gaza mean that Egypt has been on the front line...