(CNN) -- In the outlying slums of Cairo, people "drown in oceans of garbage" and are forced to live with the stench of polluted air, says Mahmoud Gamal, 26, a marketing executive living in Cairo, Egypt's capital. Gamal's comments were made through CNN iReport, which has an assignment on life in Egypt under President Mohamed Morsy. The iReporters describe a life in which many people in the North African nation are facing a daily battle against poverty, spiraling inflation and high unemployment. Morsy, meanwhile, is in negotiations for the country to get an economic rescue package from the International Monetary Fund.
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Egypt -- the Arab world's most populous nation -- is seeking a rescue loan of $4.8 billion
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Egypt is grappling with a high unemployment rate of 13% and a young workforce
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International Monetary Fund projects inflation in Egypt to rise to 10.7 in 2013
But, in an exclusive interview with CNN in January, @placeholder said: "To start real stability and development, we may take six months or a year but to reach what we want may take five to 10 years...