President Abdel Fattah al-Sisi paid tribute on Friday to the 'sacrifices' and 'patience' of Egyptians struggling with an economic crisis 10 years after he came to power.
Egypt's President Abdel Fattah al-Sisi attends the Arab League Summit in Jeddah, Saudi Arabia, May 19, 2023. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS/File Photo
His speech marked the anniversary of protests during which Sisi, then army chief, led the ouster of Egypt's first democratically elected president, before becoming president himself the following year."I believe that this generation who through their effort and patience transported Egypt from chaos and anxiety to stability and security is able to complete its development transformation," he said, reading from prepared comments.
Its growing crisis was exacerbated when Russia's invasion of Ukraine raised commodity prices while causing foreign investors to pull out of emerging markets and depriving Egypt of crucial tourism inflows. "The huge sacrifices that the Egyptian people and their institutions have made are only worthy of victory," he added.
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