Egypt raises price of drinking water

2018-06-03 09:59
(iStock)

(iStock)

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 Egypt has raised the price of piped drinking water by up to 45%.

Saturday's decision has been published in the country's official gazette.

The rise also includes a 12% increase in fees for sewage treatment.

Egypt raised the price of drinking water and sewage treatment by up to 50% in August.

The decision comes 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 $12bn bailout loan from the International Monetary Fund, which it secured in 2016.

Read more on:    international monetary fund  |  egypt  |  north africa
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