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بوابة الشروق
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Source: بوابة الشروق
1 Dayبوابة الشروق
Source: بوابة الشروق
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The article discussed the remarks of Dr. Aliaa Al-Mahdi, Professor of Economics and former Dean of the Faculty of Economics and Political Science at Cairo University, regarding the impact of economic policies on the lives of citizens in Egypt. She explained that the programs of the International Monetary Fund focus on financial and monetary reforms, neglecting the real aspects such as employment, production, and investment, which has led to a sharp decline in citizens' purchasing power. She noted that the purchasing value of 100 Egyptian pounds in 2010 is now worth approximately 10.70 pounds, with the value of the pound decreasing by 87% and prices increasing by 670%. She pointed out that ongoing inflation significantly affects the poor, with the poverty rate rising to 33.5% according to 2021 data, and it is expected to increase further due to rising inflation, which recorded between 28% and 30% during 2022. Despite a decrease in the inflation rate to 14.6%, it remains high. The article highlights that current economic policies are leading to a deterioration in living standards, worsening poverty, and an inability to cover citizens' basic needs.
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