Arab Today, arab today imf support the people not energy in the middle east
Last Updated : GMT 03:37:35
Arab Today, arab today
Arab Today, arab today

IMF: Support the people, not energy in the Middle East

Arab Today, arab today

Arab Today, arab today IMF: Support the people, not energy in the Middle East

Washington - Arabstoday

Masood Ahmed, director of the International Monetary Fund's (IMF) Middle East and Central Asia Department, advocates cutting energy subsidies in the region, arguing that it is costly and inefficient in helping the poor. He claims energy subsidies eat up a large part of governments’ budgets and leads to higher deficit and debt levels. "Does this well-intended social protection policy represent the most efficient way to channel aid to the most vulnerable? The answer is no!" Ahmed said in a paper issued by the IMF on Tuesday. Ahmed advices governments in the region to form a comprehensive energy sector reform plan that includes clear long-term objectives, an assessment of the impact and a consultation with those affected. He also suggests implementing measures that compensate the poor who could be negatively affected. "There are many ways to subsidise the poor, either by subsidising the goods they consume, targeting regions where they live, or by providing them lifeline tariffs and cash transfers," Ahmed proposed. According to the IMF, energy subsidies in the region amounted to about $240 billion, more than 8.5 percent of regional GDP in 2011. Egypt’s government is working on a program to cut the country's energy subsidy bill by 50 percent over the coming five years. The government has already raised prices of electricity and natural gas for households as well as for industry and commerce. It has also revealed its intentions to cut gasoline and diesel subsidies. Public opinion and many economists link the government decision with a $4.8 billion finance agreement the government is seeking to conclude with the IMF. Egypt’s energy subsidy bill for the current fiscal year 2012/13 is expected to amount LE110 billion ($16.3 billion). Ahmed's opinion was published along with a paper entitled “Energy Subsidy Reform” in which IMF mainly focused on the fiscal imbalances that such subsidies can aggravate. Source: Ahram Online

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf support the people not energy in the middle east Arab Today, arab today imf support the people not energy in the middle east

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf support the people not energy in the middle east Arab Today, arab today imf support the people not energy in the middle east

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iran tests new medium-range missile

GMT 21:24 2017 Saturday ,23 September

Iran tests new medium-range missile
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday