The cost of transporting cargo through Egypt's Suez Canal has increased ninefold to $6,800 per container. Before the crisis, it was $750.

The Egyptian pound, the world's 18th largest economy, depreciated by 60 percent as the central bank raised its key rate by 600 basis points, or 27.25 percent. The IMF wants to provide the country with an emergency loan of 8 billion dollars. Why are such problems in Egypt dangerous for the world and the region? What are the initial findings and projections?

What is happening in the region is directly against the interests of Egypt. The country is sandwiched between regions of instability, such as Gaza in the northeast, Sudan in the south, Libya in the west, and the Red Sea in the east. In the Red Sea, attacks by the Yemeni Houthis on cargo ships bound for Israeli ports or in some way related to the occupying state have negatively affected the volume of international cargo transportation and led to a decrease in Suez Canal revenues.

The International Monetary Fund has reported that Egypt's revenue from the Suez Canal has dropped by up to 70 percent as a result of attacks by Yemeni Houthis on ships linked to Israel in the Red Sea. At the same time, the IMF's decision to allocate $8 billion in loans to support economic reforms in Egypt has led to an increase in the price of goods and services in the country.