Egypt: How a once fabulously wealthy nation became mired in financial crisis

Today the once fabulously wealthy African country has become an economic basket case unable to finance its foreign debt of about $165b nor feed its burgeoning population of 114 million people.

Egyptian President Abdel Fattah el-Sisi visits the memorial and performance grounds after his swearing-in ceremony for his third term in the New Administrative Capital (NAC) in the east of Cairo, Egypt, on April 2.

(photo credit: THE EGYPTIAN PRESIDENCY/REUTERS)

ByGIL ZOHAR

JUNE 3, 2024 12:31

Egypt: How a once fabulously wealthy nation became mired in financial crisis

Today the once fabulously wealthy African country has become an economic basket case unable to finance its foreign debt of about $165b nor feed its burgeoning population of 114 million people.

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Egypt: How a once fabulously wealthy nation became mired in financial crisis

Today the once fabulously wealthy African country has become an economic basket case unable to finance its foreign debt of about $165b nor feed its burgeoning population of 114 million people.

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