Middle class key to MENA energy subsidy reforms, speakers say

07/21/2014
Countries in the Middle East and North Africa (MENA) are talking more openly about energy subsidy reforms, but governments need to pay closer attention to middle-class consumers' concerns if they expect to make more progress, speakers said during a July 10 forum at the Atlantic Council. "The middle class stands to lose more from not having subsidies than poor people," said Daniela Gressani, Deputy Director of the International Monetary Fund's Middle East and Central Asia Department. "They have invested in educating their children, and should support real job and economic growth. "Subsidy reform is only part of a bigger economic picture that must include investment in i...
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