capital and infrastructure financing gap essential to meeting the SDGs by 2030. The authorities are cognizant that recent international fuelpricehikes and electricity shortages make reforms to the public utility company EMAE and the energy sector even more urgent. The authorities remain fully committed to continuing to implement the Least Cost Productions Plan and the Management Improvement Plan with the view to help increase the efficiency and reliability of electricity supply, facilitate the transition towards renewable sources as well as ensure public debt
International Monetary Fund. External Relations Dept.
pricehikes and is discussing additional support with another 11 countries, Strauss-Kahn told delegates. He said that Burkina Faso, the Kyrgyz Republic, Mali, and Niger received the extra aid.
The IMF said on May 29 it was giving an extra $21 million to the landlocked West African nation of Mali to help with the crisis and boosting assistance to the Kyrgyz Republic, a mountainous Central Asian country, by $14.4 million.
Crisis can be managed
Strauss-Kahn, a former French finance minister, said in remarks read into the record that the crisis could be managed if
International Monetary Fund. Middle East and Central Asia Dept.
instrumental in achieving macroeconomic stabilization, with external and fiscal deficits narrowing, inflation and unemployment declining, and growth accelerating. The near-term growth outlook is favorable, supported by a recovery in tourism and rising natural gas production, while the current account deficit is expected to remain below 3 percent of GDP and the public debt ratio to decline markedly by 2023.
Monetary tightening in 2017 helped anchor inflation expectations after the devaluation and fuelpricehikes in 2016. The Central Bank of Egypt should maintain its