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Insuring small firms against big political and economic risks: an experiment in post-revolution Egypt

David McKenzie's picture
The Arab Spring brought about a wave of joy in many countries in the Middle East and North Africa as repressive regimes that had ruled for years were overthrown. But the aftermath brought about considerable turmoil and uncertainty as to what was going to happen in many countries. In Egypt, the immediate aftermath of the January 2011 revolution which toppled Hosni Mubarak included closing the stock market for 55 days, curfews of up to 18 hours a day, and an interim government under the control of the Armed Forces.