Egyptian president says he'll protect the poor, middle-class
- Country:
- Egypt
Cairo, Sep 30 (AP) Egypt's president says he'll protect poor and middle-class Egyptians hard hit by his government's austerity measures. The remarks are the first on economy by Abdel-Fattah el-Sissi, following rare anti-government protests earlier this month believed to have been partly driven by economic hardship.
The protests triggered a sweeping security clampdown. El-Sissi tweeted late Sunday that measures are underway to "protect the rights of the people" adversely impacted by slashing subsidies. He didn't elaborate.
El-Sissi's ambitious reform program, launched in 2016, aims at overhauling the country's ailing economy. The government has also floated the currency and substantially cut subsidies.
The austerity measures have taken a heavy toll on poor and middle-class Egyptians. The official statistics agency reported in July that one in three Egyptians is living in poverty. (AP) RUP
RUP
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- AP
- Egypt
- Egyptians
- Cairo
- government
- statistics agency
ALSO READ
South Korea PM, senior aides offer to resign after ruling party's election defeat -Yonhap
Biden and Japan's Kishida forge new partnership, eyeing China and Russia
ANALYSIS-Girls suffer most as Nigeria kidnap scourge hits school attendance
Blasts heard in Ukraine's Kharkiv, Zaporizhzhia region
Simona Halep opens up about nerves surrounding return to tennis after doping ban appeal