Egypt mulls tough steps to fix economy

Egypt mulls tough steps to fix economy

Egypt mulls tough steps to fix economy CAIRO: President Abdel Fattah al-Sisi warned Egyptians on Monday that tough measures would be needed to turn the country’s ailing economy around, as the government negotiates a $12 billion loan programme with the International Monetary Fund.

In a bid to prepare public opinion for a series of measures that will include subsidy cuts, tax reforms, and privatisations of state-owned companies, Sisi told Egyptians the government needed their support to weather the storm.

“The problem is whether public opinion is prepared to accept the measures which could be tough or harsh,” he told young people at a leadership conference.

Source: http://www.dawn.com/news/1274702/egypt-mulls-tough-steps-to-fix-economy

Leave a Comment