WorldBankMENA

#Energy subsidies in #Egypt were 6.6% of GDP. That was more than what the country spent on health, #education & social protection combined. Savings from energy subsidies are helping allocate resources to protect the poor & makes #Egypt more attractive for private investments.

Egypt set a target of 20% renewable energy by 2022. Great for the economy, the environment & great for #Climate. #africa2017

History in the making. We just signed a $1.15 billion loan to support transformational reforms in #Egypt to create jobs, ensure reliable & efficient #energy & increase competitiveness, especially for #SMEs. #Africa2017 @Biz4Africa