Egypt is reforming its economy, but poverty is rising

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Egypt is reforming its economy, but poverty is rising
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Egypt vowed to halve poverty by 2020 and eliminate it by 2030. It is going in the wrong direction

the glow of a mobile phone behind the watermelons, the fruit-and-vegetable shop on a busy Cairo street looks deserted. The owner says his wares are 25% more expensive than last summer. As prices rise, buyers skimp: regulars who used to buy a kilogram of fruit now settle for half. He keeps the lights off between shoppers to save a few pounds. There are no lights either at the butcher’s next door, who reckons revenues are down by 20%. “I sell a lot of bones for soup,” he says.

Add to that a government determined to squeeze every pound out of its citizens. The price of almost every service, from driving licences to gun permits, has gone up. Public-school fees have jumped by 20-50%. Taxi drivers at the airport grouse about new charges: 2,000 pounds a month for a permit, plus parking fees that have quadrupled. Their passengers are being squeezed too, with a new $25 departure tax. For businesses, there is a proposed 0.

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