Portraits of Egypt's Economic Crisis
Inflation rates in Egypt hit an all-time high of 31 percent in 2017 amid tough economic reforms mandated by a three-year $12 billion IMF loan. These reforms have included the floatation of the Egyptian pound against the dollar last November, the hiking of fuel prices by almost 50 percent in June, and most recently, in early July, the hiking of electricity prices by up to 42 percent.
As Egyptians struggle with the harsh austerity measures, MENASource spoke to small business owners, craftsmen, and workers about how Egypt’s economic policies have impacted their daily lives.
This photo essay was initially published by the Atlantic Council's MENA source multimedia page: interactive.achariricenter....