The In 2013, 25.9% of Egypt’s population was

The
Egyptian government has started to implement transformational reformation
programs with the goal of stimulating the economy and enhancing the country’s
overall business environment. This was meant to happen in two waves. The first
wave of the reform package was mainly focused on rebalancing the macroeconomy through
different means. For example, the VAT law was passed, energy subsides were
reduced, and the government had to find a way to contain the high growth of the
wage bill and liberate the Egyptian Pound. The second wave was essentially
focused on improving the governance of the country and the investment climate
by attempting to attract foreign investment while simultaneously removing
investment barriers. Despite the Egyptian government’s efforts, the economic
and social situations in the country are still very concerning.

            In Egypt, the poverty headcount
ratio at the national poverty line has drastically risen over the years, from
16.7% in 1999 to 27.8% in 2015 (The World Bank). Many believe that this
increase in poverty is due in part to the lack of education of many people in
Egypt. In 2013, 25.9% of Egypt’s population was illiterate which is a problem
because as the population continues to grow from year to year, this lack of
education is passed down throughout growing families, reducing the chance that
anyone in the family will be able to get out of their situation.

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            Despite
the increase in poverty throughout Egypt, the country’s GDP increased from
$1.152 trillion in 2016, to $1.199 trillion in 2017. Additionally, the
GDP/capita increased from $12,800 in 2016 to $13,000 in 2017 (The World
Factbook). While this does seem like a positive