Egyptians take to the streets in antigovernment…
January 1977 CE
The cause of the riots go back to late 1976 when Sadat, in an effort to solve the country's economic problems, had asked the World Bank for loans.
In response to the bank's criticisms of public subsidies, the government announces in January 1977 that it is ending subsidies on flour, rice, and cooking oil and canceling bonuses and pay increases.
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The Near and Middle East
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