This Selected Issues Paper focuses on economic condition, energy subsidies, and oil prices in Jordan. Energy price … subsidies pose a serious fiscal risk in the present context of increasing and volatile international prices. The macroeconomic …

The cost of energy subsidies is large, and reduces the fiscal space available for public expenditure priorities …, including education, health, and infrastructure. Libya’s ample hydrocarbon wealth will allow it to reform subsidies while … protecting the poor. A gradual phasing out of subsidies would allow adjustment in consumption and minimize the inflationary …