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Cairo, Egypt - © Photo: Hakim Khatib/MPC Journal

Egypt’s Economic Pain Is All in a Good Cause

Before the 2011 revolution that deposed Hosni Mubarak, Egypt had undergone a few reform periods between 1991 and 2007 in an effort to reduce external debt and expand the role of the private sector. As a result of those reforms, Egypt was able to relax some price controls, tackle double-digit inflation, reduce subsidies and cut taxes.

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