EGYPT
 
Egypt: Fuel Subsidies Remain Pressing Economic Issue
 
Egypt’s new technocratic government will have no time to waste in addressing the country’s pressing economic problems, particularly the reduction in state fuel subsidies and the overall budget deficit.
 
The reduction in overall subsidies in the Egyptian budget has become a basic precondition for the IMF to approve the long delayed $4.8bn standby credit facility for Egypt, which has been...