Support the news

Egypt Looks To Secure Loan As Feeding Families Gets Harder04:05Download


Egypt is trying to come to grips with a serious budget deficit in order to secure a $4.8 billion loan from the International Monetary Fund. This will likely mean both spending cuts and tax hikes on food items, water and electricity. The government is drawing the proposals up as many Egyptians are feeling the pinch of two years of economic turmoil and already-rising prices.

+Join the discussion

More from WBUR

Support the news