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Stable outlook for Levant, North Africa in 2019, although slowing reforms point to downside risks: Moody’s

The 2019 stable outlook for sovereign creditworthiness in the Levant and North Africa region reflects support from modest domestic growth and some expected further progress on fiscal consolidation, set against the slowing pace of structural and fiscal reforms in most countries, Moody’s Investors Service said in a report on Tuesday. The report titled, “Sovereigns – …

Daily News Egypt

“Fuel subsidy reform plays a key role in fiscal consolidation”: IMF

In its third review under the extended arrangement in accordance with the Extended Fund Facility issued in July 2018, the International Monetary Fund (IMF) assured that the ongoing energy subsidy reform continues to play a key role in fiscal consolidation. It clarified that the fuel subsidy bill has decreased from 3.3% of the GDP in …

Daily News Egypt