Egypt: Election Concerns

The November 29 election is taking place in the shadow of the continuing crisis in the Persian Gulf, and in the context of major economic, social and political problems in Egypt. Even prior to Iraq's invasion of Kuwait, the Egyptian economy was suffering from unemployment and inflation, exacerbated by a staggering foreign debt, estimated at $50 billion, and continued pressure from international lenders for additional austerity measures. Price increases in basic commodities earlier this year produced widespread public discontent.