IMF says Egypt should be cautious over interest rates, monetary policy
The International Monetary Fund (IMF) has said that Egypt should tread carefully with regard to the potential easing of interest
Egypt is targeting 42% renewable energy in its electricity mix by 2030, but achieving this goal hinges on increased international support, Prime Minister Mostafa Madbouly stated at COP29. Currently, renewables—solar, wind, and hydropower—account for only 11.5% of Egypt's electricity, per a July cabinet report. Egypt has leaned on natural gas, defending it as a "transitional fuel" at COP27 in 2022, when the country was a net gas exporter, to support its energy needs.
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