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Egypt/Ethiopia/Sudan: Cairo calls for UNSC as last resort on GERD

By Hossam Rabie
Posted on Friday, 9 July 2021 11:46

The controversial Renaissance mega-dam is located on the upper Nile River. This general view was taken in December 2019. EDUARDO SOTERAS / AFP

The UN Security Council met on 8 July, at Egypt and Sudan’s request, to discuss the Grand Ethiopia Renaissance Dam (GERD). Ethiopia decided to launch the second stage of filling on 5 July, thereby making the situation more tense than ever.

Egypt is in shock.

The UN Security Council met on Thursday 8 July, at Sudan and Egypt’s request, to discuss GERD. However, Addis Ababa had already informed Cairo on 5 July that it was going to begin the second phase of filling the dam’s lake, despite all the warnings and threats that had been made in the previous months.

The day after the announcement, the Egyptian stock market lost LE12.3bn ($783.4m) in the first hour of trading, as investors sold their shares en masse.