While Egyptian newspapers did not mention any agenda Egypt should follow in order to cash the $12 Billion 3 years loan, yet, a prescription of 10 economic policy changes are customary to constitute the developing countries reform packages. This prescription is developed by Washington based financial institutions as the World Bank, International Monetary Fund and the US. Treasury Department; hence its name: The Washington Consensus . These 10 economic recommendations are: 1. Fiscal policy discipline, with avoidance of large fiscal deficits relative to GDP; 2. Redirection of public spending from subsidies ("especially indiscriminate subsidies") toward broad-based provision of key pro-growth, pro-poor services like primary education, primary health care and infrastructure investment; 3. Tax reform, broadening the tax base and adopting moderate marginal tax rates; 4. Interest rates that are market determined and positive (but moderate) in real terms; 5. Competitive excha...