NewsWorld News

Actions

Egypt says third of population lives in poverty

Posted at 9:22 AM, Jul 30, 2019
and last updated 2019-07-30 12:22:27-04

CAIRO (AP) — Egypt says one in every three citizens was living in poverty in 2018.

The country’s statistics agency says 32.5% of Egyptians lived below the poverty line that year, up from 27.8% in 2015 and 16.7% in 2000.

Monday’s report was the first on poverty and income since the government secured a $12 billion loan from the International Monetary Fund in 2016.

The government has imposed hikes in the price of fuel, government services and utilities, implemented a value-added tax and floated the currency.

The austerity measures have taken a heavy toll on poor and middle-class Egyptians.

The IMF is set to deliver the final round of the bailout in the coming weeks.