After the Arab Spring, the Government of Egypt was facing growing fiscal pressures. Energy was underpriced, fossil fuels subsidies had increased dramatically, and the government had built up arrears to international oil companies. The country had transitioned from an energy exporter as recently as 2009 to an energy importer by 2014. The power sector could no longer meet the demands of a growing population, resulting in severe power shortages—up to...
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INFORMACIÓN
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2019/06/01
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Resumen
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141391
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1
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1
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2019/09/03
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Disclosed
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Maximizing Finance for Development in Egypt's Energy Sector
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energy subsidies