How ESMAP Helped Egypt Slash Subsidies
Egypt’s energy subsidies represented 7% of the GDP and 22% of the national budget, significantly more than health and education expenditures combined. ESMAP's technical assistance informed the government of socially responsible ways of reforming. As a result, within three years, Egypt managed to cut subsidies by more than half and channeled freed-up resources to health and education. ESMAP support also laid the groundwork for broader dialogue that led to an appeal for a three-year, multi-billion Development Policy Loan series.
CITATION
ESMAP. 2017. Energy Subsidy Reform Facility Country Brief: Egypt. ESMAP Brief. Washington, D.C. : World Bank Group.
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