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The International Monetary Fund recently said Egypt is on track to end most fuel subsidies
by June 15.
Since 2011, the Arab world's most populous country has suffered from political instability and security threats
.
Cairo received a $12 billion three-year loan program
from the IMF in 2016, the IMF said in a new report.
Egyptian authorities are "still committed" to ending subsidies
that limit oil prices.
The statement added that the prices of liquefied petroleum gas (LPG) and fuels for bakeries and power generation will not be affected
.
Bread is a staple food in Egypt, and rising prices could spark further discontent in the face of ongoing economic woes
.
The IMF said subsidy cuts were "essential to encourage more efficient energy use" and "create fiscal space for high-priority spending on health and education.
"
The International Monetary Fund approved the next $2 billion loan to Cairo in February, citing "substantial progress" by Egyptian authorities on reforms that have boosted economic growth and reduced unemployment
.
But the IMF also urged Egypt to "continue to advance structural reforms to promote private-sector-led growth and job
creation.
" "Since the signing of the loan agreement in November 2016, the latest tranche brings Egypt's total disbursements to about $10 billion
.
The International Monetary Fund recently said Egypt is on track to end most fuel subsidies
by June 15.
Since 2011, the Arab world's most populous country has suffered from political instability and security threats
.
Cairo received a $12 billion three-year loan program
from the IMF in 2016, the IMF said in a new report.
Egyptian authorities are "still committed" to ending subsidies
that limit oil prices.
The statement added that the prices of liquefied petroleum gas (LPG) and fuels for bakeries and power generation will not be affected
.
Bread is a staple food in Egypt, and rising prices could spark further discontent in the face of ongoing economic woes
.
The IMF said subsidy cuts were "essential to encourage more efficient energy use" and "create fiscal space for high-priority spending on health and education.
"
The International Monetary Fund approved the next $2 billion loan to Cairo in February, citing "substantial progress" by Egyptian authorities on reforms that have boosted economic growth and reduced unemployment
.
But the IMF also urged Egypt to "continue to advance structural reforms to promote private-sector-led growth and job
creation.
" "Since the signing of the loan agreement in November 2016, the latest tranche brings Egypt's total disbursements to about $10 billion
.
