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Egypt raises price of drinking water
CAIRO – Egypt has raised the price of piped drinking water by up to 45 per cent.
Saturday’s decision has been published in the country’s official gazette.
The rise also includes a 12 per cent increase in fees for sewage treatment.
Egypt raised the price of drinking water and sewage treatment by up to 50 per cent in August.
The decisioncomes as the government presses ahead with an economic reform program that has included slashing fuel and electricity subsidies, imposing a value-added tax and a currency floatation. The measures were taken in order to qualify for a three-year $12 billion bailout loan from the International Monetary Fund, which it secured in 2016.
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