The Middle East and North Africa (MENA) Region is home to 5.5 percent of the world's population, 3.3 percent of its GDP and 48 percent of its energy subsidies. Covering petroleum products, natural gas and electricity, these subsidies are prevalent in oil-importing and oil-exporting countries. Introduced in the 1970s to protect the population from spikes in world oil prices, energy subsidies in MENA have grown to become significant proportions of countries'...
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DETAILS
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2014/10/01
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Working Paper
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91210
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1
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1
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2014/10/08
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Disclosed
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MENA economic monitor : corrosive subsidies
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energy subsidies
Citation
Devarajan,Shantayanan; Mottaghi,Lili; Iqbal,Farrukh; Mundaca,Bertha Gabriela C.; Laursen, Maria; Vagliasindi,Maria; Commander,Simon John; Chaal-Dabi,Isabelle.
MENA economic monitor : corrosive subsidies (English). Middle East and North Africa (MENA) Economic Monitor Washington, DC : World Bank Group. http://documents.worldbank.org/curated/en/922481468275944547