With or without the International Monetary Fund (IMF) loan, Egypt would have had to pursue a program for economic reform, argues Alaa El-Hadidi, official spokesman for the prime minister.
One source who contributed to the making of the reform program had suggested that out of the 80 percent of the Egyptian population that receives “some form of subsidised goods, ranging from bread to petrol to water” only half of these truly deserve the full subsidisation, but only 20 percent would be denied the current level of subsidisation by virtue of the new reform scheme.
Source:AlAhram online