Egyptians Struggle Under IMF-backed Austerity Measures
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Egyptians Struggle Under IMF-backed Austerity Measures

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Added by Headlines Africa in Egypt
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Egypt has hiked the price of natural gas by up to 75 percent. It's the latest move in an austerity programme backed by the International Monetary Fund. The increase follows similar hikes to fuel, electricity and public transport prices. The government has a 12-billion dollar loan programme with the IMF, as it seeks to lure back investors and turn around the economy. However, the measures have left Egyptians struggling to make ends meet, as Yasser Hakim reports.

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