CAIRO (Reuters) – Egypt will keep electricity prices unchanged for consumers until Jan. 2024, the cabinet said in a statement on Thursday.
Egypt, however, has committed to deep cuts to energy subsidies and a range of monetary and fiscal reforms as part of a financial support package with the International Monetary Fund.
The country is currently grappling with power shortages as a heatwave drives up demand for cooling.
(Reporting by Momen Saeed Attallah; Writing by Enas Alashray; Editing by Kirsten Donovan)
