Egypt’s economy, in crisis for years, is undergoing IMF-backed reforms leading to an eroding middle class struggling to afford basics due to depleted purchasing power, with measures such as fuel price hikes and subsidy cuts. Amid mounting pressures, including a quadrupling of foreign debt and revenue loss from the Suez Canal, officials have hinted at potentially re-evaluating the IMF programme if public opinion is adversely affected. The reforms have significantly impacted living conditions, prompting calls for a slower, more gradual implementation, despite the IMF touting long-term benefits and the potential unlocking of new financing.
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Broken dams, broken trust: How Iran’s water crisis and heatwave have sparked emergency
Water and electricity shortages in Iran have reached crisis levels, leading to widespread public service disruptions and industrial closures. Rapidly depleting reservoirs and increasing rolling blackouts expose mismanagement and delayed reforms in the country's infrastructure. Want More Context? 🔎
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