More energy reforms needed, IMF tells Egypt
The Egyptian economy continued to improve in 2018, according to the organisation, but further measures are needed
In 2016, the International Monetary Fund agreed to help Egypt's economy recover from years of crisis by providing it with disbursements totaling $12bn. The deal was conditional on the government reducing subsidies on basic goods and services, including sources of energy. Fuel subsidies, according to the IMF, have represented "an important share of budget spending in the past, contributing to increased deficits and debt, and crowding out spending on education and health". The IMF, in its latest review of the Egyptian economy, praised the government's performance since the loan programme began, saying that its "fiscal consolidation plan remains on track". But it also wrote that there's still
Also in this section
9 January 2026
OPEC+ remains on track as output falls, with only Gabon failing to hit its output targets in December, although Kazakhstan’s compliance was involuntary
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
