Egypt: Privatisation aided egypt revolt, army says

Anger at Egypt’s privatisation programme, involving the transfer of billions of dollars worth of public assets to private hands, aided the Egyptian revolution that elbowed the Western-backed Hosni Mubarak out of office in February, a top army general said. Prodded by the Washington-based trio – the United States Agency for International Development (USAID), World Bank, and International Monetary Fund (IMF) – Egypt under Mubarak adopted an aggressive programme to sell public companies to both local and foreign investors since the early 1990s.