Perspective
23 November 2016
China Exim lights Egypt's path from fiscal deficit
In:
Power, Transport
Region:
Middle East & Africa, Asia-Pacific
This year Egypt has made significant cuts to fuel and electricity subsidies in a bid to make up the government's $10 billion fiscal deficit. China Exim’s recent $757 million loan to finance the construction of new electricity lines across the country should alleviate some pressure.
