CAIRO - Egyptians will continue to struggle, as they have for years as the government tightened spending on public health care, education and subsidies, writes the New York Times.
Despite a $12 billion I.M.F. loan in 2016, the economy struggled to generate stable jobs or reduce poverty.
Even before the coronavirus pandemic, which walloped Egypt’s economy, began in 2020, the World Bank estimated nearly 60 percent of Egyptians were poor. Many more are now descending into poverty, though Egypt has lately bolstered welfare programs and postponed cuts to subsidized bread.