Joe Blogs: Bread Prices in Egypt Quadruple as IMF Loan Conditions are Implemented

Egypt, a country with a rich history and a diverse culture, is also one of the largest consumers of bread in the world. Bread is not just a staple food in Egypt, but it is also a key source of nutrition for the poorest parts of the population. However, recent events have put this vital source of sustenance at risk. The ongoing financial crisis in Egypt has been exacerbated by Russia’s invasion of Ukraine, which has resulted in the price of commodities like oil and wheat skyrocketing. As a net importer with a negative balance of trade, Egypt is heavily…