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Egypt Secures $1bn Funding For Gas-Fired power, $500mn For Energy Reforms
...0mn to support “ongoing bold economic reform” and sustain economic growth. AfDB says this will be the first of three loans, with others to come in 2016 and 2017, under its Governance and Energy Support Project. AfDB says the project will target three critical areas of reform: increasing government re...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Egypt Scraps Plan To End Energy Subsidies
...2% in fiscal 2014-15, up from 2.2% in the previous year. Mr Isma’il says the government is targeting GDP growth of close to 6% and a reduction in the budget deficit to 8.5% by the end of the 2017-18 fiscal year. EGYPTIAN REVENUE AND SPENDING (E£ bn) FIGURES ARE FOR FINANCIAL YEARS ST...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015