Could the Egyptians have avoided state bankruptcy in the 19th century?

Dec 2012
373
So what could thr egyptians have done differently in the 19th century to avoid the disasterious bankruptcy that allowed the British to occupy their nation and ruined Khedive ismail's dreams of a truly modern middle eastern nation ? Or was their fate inevitable?
 
May 2017
1,201
Syria
Well, it would've been possible if Said Pasha and his successor Ismail Pasha didn't get into enormous debts and borrow lavishly from European bankers. After a while their debts became uncontrollable and this left them in the control of their former creditors.
 
Last edited:
May 2017
1,201
Syria
But i was wondering why did they need to borrow so much? Was it really necessary?
For the most part, no. Most of those debts were efforts to modernize and westernize Egypt. Only a part of Ismail Pasha's debt was to pay for the Suez Canal if I remember correctly.