아프리카ㆍ중동

The macroeconomic environment deteriorated in 2019. As a result, credit ratings have been cut and credit default swaps spreads have reached record levels.

Energy reforms are advancing. A new electricity sector reform plan has been approved by the parliament and reforms of the electricity, oil and gas sectors are under way, strengthened by public-private partnerships (PPPs).

Political instability and social uprisings undermined the timely implementation of crucial reforms. The formation of a national unity government at the beginning of 2019 initially had provided an enabling governance framework to effectively attract investments and boost economic and structural reforms, which was diluted following the resignation of the government in October.