| Source: Avista Corporation

SPOKANE, Wash., April 18, 2019 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA), a leader in clean electricity, today announced its goal to serve its customers with 100 percent clean electricity by 2045 and to have a carbon-neutral supply of electricity by the end of 2027. This announcement bolsters Avista’s long-standing history of and well-established approach to providing clean, reliable and affordable energy to the customers and communities it serves.  

“We’re proud to announce this 100 percent clean electricity goal as an important step forward in caring for our environment while continuing to meet the energy needs of our customers and communities today and well into the future,” said Dennis Vermillion, president of Avista. “Since Avista’s founding on clean, renewable hydro power in 1889, we’ve served our customers with an electric generation resource mix that is more than half renewable, allowing us to keep our carbon emissions among the lowest in the nation.

“Avista has always been committed to balancing reliability and affordability while maintaining responsibility for our environmental footprint, and our actions demonstrate these values. Just in the last three years, we’ve implemented three renewable energy projects on behalf of our customers. Our Community Solar project in Spokane Valley, Wash., Solar Select project in Lind, Wash. and the Rattlesnake Flat Wind project in Adams County, Wash. together have allowed us to add to the clean electricity we already provide, meet the energy needs of our customers without increasing their bills and drive economic vitality in these communities.

“Avista’s clean energy focus is not limited to the electric generation resource mix. We view clean energy as a key element in driving economic development and shaping the sustainable communities of the future. Avista has created companies like Itron, Ecova and Relion that play a role in supporting clean energy and the efficient use of electricity. We serve as a founding partner of Urbanova, Spokane’s Smart City living laboratory that is testing smart city concepts and we’re creating an Ecodistrict in Spokane that will allow the company to not only shape how the grid of the future will operate but also define how buildings can be developed to operate and utilize energy in the most efficient manner.

“As we plan for the future, listen to our customers and continue to invest in renewable energy resources, we recognize the value of establishing a defined clean electricity goal. We are committed to continuing our investments in research, development and a smarter grid to support the trend of lower costs and improved technology that will enable a clean electricity future. We are well on our way to achieving our goal of 100 percent clean electricity and will continue to engage with our customers, partners and regulators to make this goal a reality,” Vermillion said.

Additional examples of Avista’s strong track record of environmental stewardship include:

  • Forty years ago, Avista was one of the first utilities in the nation to establish an energy efficiency program, and since this program started, customer electric usage has been reduced by 15 percent.
  • In the 1980’s, the company built the first utility-scale biomass wood-fired power plant, improving air quality where waste from the timber industry was otherwise burned onsite without emissions controls.
  • Avista has enabled customers to switch from gasoline-fueled vehicles to natural gas-fueled and electric vehicles, building infrastructure to supply a cleaner fuel for vehicles and contributing to reductions in greenhouse gas emissions from the transportation sector.

Learn more about Avista’s clean electricity goal and commitment to environmental stewardship at www.myavista.com/greener.

About Avista Corp.
Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilities is our operating division that provides electric service to 388,000 customers and natural gas to 355,000 customers. Its service territory covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.6 million. Alaska Energy and Resources Company is an Avista subsidiary that provides retail electric service in the city and borough of Juneau, Alaska, through its subsidiary Alaska Electric Light and Power Company. Avista stock is traded under the ticker symbol "AVA."  For more information about Avista, please visit investor.avistacorp.com.

This news release contains forward-looking statements regarding the company’s current expectations. Forward-looking statements are all statements other than historical facts. Such statements speak only as of the date of the news release and are subject to a variety of risks and uncertainties, many of which are beyond the company’s control, which could cause actual results to differ materially from the expectations. These risks and uncertainties include, in addition to those discussed herein, all of the factors discussed in the company’s Annual Report on Form 10-K for the year ended Dec. 31, 2018.

SOURCE: Avista Corporation

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Abstract

Two successive waves of reform have fundamentally altered the structure and organization of Kenya's vibrant power sector, which boasts a tradition of strong technical and commercial performance. In the first wave -- beginning in 1996 and largely donor-driven -- policy and regulatory functions were separated from commercial activities; generation was unbundled from transmission and distribution; cost-reflective tariffs were introduced; and generation was liberalized. In the second wave -- beginning in 2002 and led by domestic reform champions -- the thrust of first-wave reforms was continued, with the strengthening of independent regulation, partial privatization of the generation company (KenGen), and establishment of complementary entities. Although the government retains majority ownership of the largest power utilities in the country (Kenya Power, ~51 percent; KenGen, ~70 percent), Kenya has been able to position itself as one of the foremost destinations in the region for private energy investment. The reforms have improved the operational efficiency of the sector, increased cost recovery, and captured a significant amount of private sector investment. At the same time, the state has remained an important investor, playing a pivotal role in expanding generation capacity, scaling up electrification at an exceptionally rapid pace, and leading diversification toward geothermal energy. Political influence in sector decisions remains significant, in planning and tariff reviews.
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| Source: Scatec Solar ASA

Oslo, 12 April 2019: Scatec Solar ASA will release its first quarter results on Friday, 26 April 2019 at 07:00 (CET).

A presentation of the results will be held on the same day at 08:00. The location of the presentation is Høyres Hus (6th floor), Stortingsgata 20, Oslo. The presentation and Q&A session can be followed through a live webcast from our website on: https://webtv.hegnar.no/presentation.php?webcastId=97815133  

For further information, please contact:
Ingrid Aarsnes, VP Communication & IR
Tel: +47 950 38 364, This email address is being protected from spambots. You need JavaScript enabled to view it.

About Scatec Solar
Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long- term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants and has an installation track record of more than 1 GW. The company has a total of 1.7 GW in operation and under construction in Argentina, Brazil, the Czech Republic, Egypt, Honduras, Jordan, Malaysia, Mozambique, Rwanda, South Africa and Ukraine.

With an established global presence and a significant project pipeline, the company is targeting a capacity of 3.5 GW in operation and under construction by end of 2021. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SSO'. To learn more, visit www.scatecsolar.com.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Read more: Invitation to presentation of Scatec Solar ASA's...


Abstract

China has impressed the world with its rapid economic growth over the past four decades, during which time it has increased its real income per capita by more than 25 times. However, the attendant environmental costs have also been significant, jeopardizing economic and social gains from growth. To move toward sustainable development and reduce the environmental impact of further economic growth, the Chinese government has started to prioritize green development and the building of an ecological civilization. China’s 13th Five-Year Plan (2016−2020) has upgraded the building of the ecological civilization to the level of national strategy — a policy target of top priority.According to the Ministry of Ecology and Environment (MEE), industrial parks (IPs) are the key source of industrial production and all new industrial projects are required to be operated within industrial parks (Zhang 2018). The growing concentration of industrial activities within IPs suggests that an increasing proportion of industrial pollution will be produced in IPs. Thus, promoting green development of IPs will be vital for the achievement of China’s and the world’s sustainable development goals.Effective management of IPs toward green development requires a well-functioning regulatory framework to provide standards, requirements, guidelines, and robust monitoring and evaluation (M&E) frameworks. Although China does not have a specific IP management law, a comprehensive regulatory framework is in place, covering different legislative levels including (from top to bottom in terms of their importance) laws, regulations, national policies, and standards and indicators. This regulatory framework covers multiple aspects of IP management, including requirements concerning the economic and environmental performances of IPs.This report conducts a comparative analysis between the Chinese green standards and the EIP Framework across all four dimensions—park management and economic, social, and environmental performance— to identify differences and share policy recommendations for further improvements of the Chinese standards.
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Read more: Enhancing China s Regulatory...

Complete Report in English

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| Source: Lietuvos energijos gamyba

multilang-release

Lietuvos Energijos Gamyba, AB identification code 302648707, registered office placed at Elektrinės str. 21, LT-26108 Elektrėnai, Republic of Lithuania (hereinafter referred to as the Company). The total number of registered ordinary shares issued by the Company is 648 002 629; ISIN code LT0000128571.

On 12 April 2019, the Ordinary General Meeting of Shareholders of the Company approved the Annual Report of the Company for the year 2018 and the Annual Financial Statements of the Company for the year 2018, audited by PricewaterhouseCoopers, UAB, the Company‘s auditor.

Information on the operational results of the Company for the year 2018:

LIETUVOS ENERGIJOS GAMYBA FINISHED 2018 WITH GOOD FINANCIAL RESULTS AND A NEW STRATEGY

Despite the unfavourable natural conditions and market unpredictability, last year Lietuvos Energijos Gamyba, a part of Lietuvos Energija group, managed to maintain decent financial performance indicators and provide reliable power regulation and reserve services. 

The sales income of Lietuvos Energijos Gamyba decreased by 14.5% and amounted to EUR 125.9 million due to the lower production volume and income from the regulated activity of Elektrėnai Complex. If compared to 2017, the adjusted EBITDA margin remained stable (34.4%) while profitability ratios, such as the margin of the operating profit, gross profit margin, net profit margin, and the return on equity have been significantly better due to higher sales revenue in Kaunas A. Brazauskas‘ HPP, improved commercial results in Kruonis PSHP, and effective management of the repair and maintenance expenses in Elektrėnai Complex. Lower amortization and depreciation costs as well as positive revaluation of the emission allowances also added up to the increased profitability. The net profit of the Company reached EUR 29.6 million – 44.5% more if compared to 2017.

„Last year, our performance was significantly affected by natural conditions and planned maintenance works. Compared to 2017, electricity production in Kaunas HPP has shrunk by one-fourth due to and arid summer. One of the units in Kruonis PSHP has been unavailable for half a year because of heavy maintenance works. In total, the amount of electricity produced in our plants decreased by one-fifth if compared to the previous year. However, due to favourable wholesale electricity prices in the power exchange market, our financial performance results remained positive“, explains Rimgaudas Kalvaitis, CEO at Lietuvos Energijos Gamyba.

According to him, 2018 has also been marked by an increasing scope of the ancillary services – the demand for power regulation services nearly doubled, requests for the secondary reserve have intensified. The company also successfully provided tertiary and strategic reserve services. “Providing effective and reliable ancillary services remains among our top priorities for the upcoming year as well”, comments R. Kalvaitis.

In 2018, a total of 0.88 TWh of electricity has been generated and sold in the power plants owned by Lietuvos Energijos Gamyba – 23% less if compared to 2017 (1,15 TWh).

At the end of 2018, Lietuvos Energijos Gamyba updated its strategy, adopting a document that reflects the ambitious strategy of Lietuvos Energija group LE 2030, announced last spring.  „Our mission and vision remain the same, with strategic generation laid down as the main priority of Lietuvos Energijos Gamyba. Maintaining, modernising and developing sufficient and reliable local power generation capabilities, we primarily aim to contribute to successful synchronization of the Baltic countries with the continental European network by 2025. Group‘s investments in both existing and new power generation facilities should reach EUR 600 million in the next 12 years“, – says R. Kalvaitis.

The updated Company‘s strategy foresees that Lietuvos Energijos Gamyba will also significantly contribute to the implementation of the overall Group‘s vision by developing innovative technologies and green energy generation capabilities. This is to be done by exploiting the Company’s owned hydropower capabilities in Kaunas and Kruonis, providing maintenance services for the RES power plants, and developing innovative solutions such as pilot projects of solar energy plants and energy storage systems within the available infrastructure. The Company continues preparation for the Kruonis PSHP modernisation project, considering possibilities to install a fifth hydro-unit. Last year, the project received partial funding from the European Commission for further infrastructure research and feasibility study.

Key interim Lietuvos Energijos Gamyba performance indicators for 2018:

  • The sales income of Lietuvos Energijos Gamyba decreased by 14.5% when compared to 2017 and amounted to EUR 125.9 million. It was mainly affected by the lower production volume and income from the regulated activity of Elektrėnai Complex.
  • The adjusted EBITDA decreased by EUR 8.9 million, compared to 2017, while the adjusted EBITDA margin remained comparatively stable – 34.4% (36.1% in 2017). The EBITDA has been negatively affected by the lower volume of regulated services at Elektrėnai Complex, yet partly compensated by the higher sales revenue in Kaunas A. Brazauskas‘ HPP and improved commercial results in Kruonis PSHP.
  • Profitability ratios, such as the margin of the operating profit, gross profit margin, net profit margin, and the return on equity have been significantly better in 2018 than in 2017. The Company‘s gross profit amounted to EUR 35.2 million while net profit reached EUR 29.6 million – 44.5% more than in the previous year. Net profit growth was mainly determined by lower amortization and depreciation costs as well as positive revaluation of the emission allowances.
  • In 2018, the company incurred EUR 21.0 million in operational expenses – 5.4% (EUR 1.14 million) more than in 2017. Increased maintenance expenses of the combined cycle unit in Elektrėnai Complex acted as the main reason for this. 
  • During 2018, the Company invested EUR 5.0 million in non-current tangible and intangible assets, the lion‘s share of which has been assigned for the major repair works in Kruonis PSHP. As a comparison, the number amounted to EUR 1.9 million in 2017. 

Berta Jasiukėnaitė, Public relations project manager, +370 694 60771, This email address is being protected from spambots. You need JavaScript enabled to view it.

Read more: Regarding the Lietuvos Energijos Gamyba, AB,...

Details

Document Date: 2019/04/01 16:05:00
Document Type: Newsletter
Report Number: 135782
Volume No: 1
Country: Afghanistan ; 
Disclosure Date: 2019/04/02 16:04:46
Doc Name: The World Bank Group in Afghanistan : Country Update
Language: English
Region: South Asia ; 
Rep Title: The World Bank Group in Afghanistan : Country Update
Topics: Industry ; Finance and Financial Sector Development ; Energy ; Water Resources
SubTopics: Hydrology ; Health Care Services Industry ; Energy Policies & Economics ; Access to Finance
Unit Owning: SAREC - External Communications (SAREC)
Source Citation: The World Bank Group in Afghanistan : Country Update. --
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Abstract

To what extent does immigration affect the economic institutions in destination countries? While there is much evidence that economic institutions in developed nations are either unaffected or improved after immigration, there is little evidence of how... See More + To what extent does immigration affect the economic institutions in destination countries? While there is much evidence that economic institutions in developed nations are either unaffected or improved after immigration, there is little evidence of how immigration affects the economic institutions of developing countries that typically have weaker institutions. Using the Synthetic Control Method, this study estimates a significant and long-lasting positive effect on Jordanian economic institutions from the surge of refugees from the First Gulf War. The surge of refugees to Jordan in 1990–1991 was massive and equal to 10 percent of Jordan's population in 1990. Importantly, these refugees were able to have a large and direct impact on Jordanian economic institutions because they could work, live, and vote immediately upon entry due to a quirk in Jordanian law. The refugee surge was the main mechanism by which Jordan's economic institutions improved in the decades that followed.  See Less -

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| Source: RGS Energy

DENVER, April 11, 2019 (GLOBE NEWSWIRE) -- RGS Energy (NASDAQ: RGSE), the exclusive worldwide licensee of POWERHOUSE™, an innovative and visually stunning solar shingle system using technology developed by The Dow Chemical Company, will hold a business update call on Monday, April 15, 2019 at 4:30 p.m. Eastern time to discuss POWERHOUSE™. The company will file its Annual Report on Form 10-K prior to the call.

Date: Monday, April 15, 2019
Time: 4:30 p.m. Eastern time (2:30 p.m. Mountain time)
Toll-free dial-in number: 1-888-394-8218
International dial-in number: 1-323-701-0225
Conference ID: 8423554
Webcast: Click here

The conference call will be webcast live and available for replay via the investor relations section of the company's website at RGSEnergy.com.

Please call the conference telephone number five minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact CMA at 1-949-432-7566.

A replay of the call will be available after 7:30 p.m. Eastern time on the same day through April 22, 2019.

Toll-free replay number: 1-844-512-2921
International replay number: 1-412-317-6671
Replay ID: 8423554

About RGS Energy
RGS Energy (Nasdaq: RGSE) is America’s Original Solar Company providing solar, storage and energy services whose mission is clean energy savings. The company is the exclusive manufacturer of POWERHOUSE™, an innovative in-roof solar shingle using technology developed by The Dow Chemical Company.

For more information, visit RGSEnergy.com and RGSPOWERHOUSE.com, on Facebook at www.facebook.com/RGSEnergy and on Twitter at twitter.com/rgsenergy. Information on such websites and the websites referred to above in this press release is not incorporated by reference into this press release.

RGS Energy is the company’s registered trade name. RGS Energy files periodic and other reports with the SEC under its official name “Real Goods Solar, Inc.”

POWERHOUSE™ is a trademark of The Dow Chemical Company, used under license.

Investor Relations Contact
Ron Both
Managing Partner, CMA
Tel 1-949-432-7566
This email address is being protected from spambots. You need JavaScript enabled to view it.

Denver, Colorado, UNITED STATES

  http://www.rgsenergy.com

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Details

Author: Hamilton,Kirk E. ; Naikal,Esther G. ; Lange,Glenn-Marie ; 
Author: Hamilton,Kirk E. ; Naikal,Esther G. ; Lange,Glenn-Marie ; 
Document Date: 2019/04/05 09:01:02
Document Type: Report
Report Number: 135895
Volume No: 2
Country: World ; 
Disclosure Date: 2019/04/08 08:58:52
Doc Name: Natural Resources and Total Factor Productivity Growth in Developing Countries: Testing A New Methodology
Keywords: Natural Resources; Environment and Natural Resources; total factor productivity growth; Upper Middle Income Countries; Operational Core Curriculum; factor of production; natural resource rent
Language: English
Rel. Proj ID: 1W-Natural Capital And Macroeconomic Diagnostics -- P166382 ; 
Region: The World Region ; Other ; 
Rep Title: Natural Resources and Total Factor Productivity Growth in Developing Countries: Testing A New Methodology
Topics: Industry ; Water Resources ; Agriculture ; Energy ; Poverty Reduction
SubTopics: Global Environment ; Energy and Natural Resources ; Coastal and Marine Resources ; Food Security ; Oil Refining & Gas Industry ; Inequality
Unit Owning: ENR GP GLOBAL (GENGE)
Originating Unit: ENR GP GLOBAL (GENGE)
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Abstract

Estimates of total factor productivity growth, a measure of increases in the efficiency of production, have traditionally been based on a two-factor model of labor and fixed capital. Because profits are measured residually in the System of National Accounts, they implicitly include rents on natural resource exploitation, with the result that the contribution of fixed capital to growth in the inputs to gross domestic product is misstated, particularly in resource dependent developing countries. This leads to incorrect measures of total factor productivity growth. Using data on natural resources from the World Bank's Wealth of Nations database and methods combining the Solow growth accounting model with recent work at the Organization for Economic Co-operation and Development, this paper makes new estimates of total factor productivity growth for 74 developing countries over 1996-2014. In the aggregate, including natural resources as a factor of production increases estimated total factor productivity growth across all country income classes and regions of the world when compared with the traditional two-factor approach. In addition, the estimated total factor productivity growth including natural resources is less volatile over time in the great majority of countries compared with the traditional approach. The availability of World Bank data on natural resource quantities and rents for a wide range of countries suggests that natural resources should be included in total factor productivity growth estimation going forward. Further research could focus on the distinctive roles played by different natural resource endowments.
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Complete Report in English

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| Source: Scatec Solar ASA

Oslo, 11 April 2019: Scatec Solar and partners have grid connected and reached commercial operation for 65 MW of their 400 MW Benban project in Egypt. The Benban solar power plant is Scatec Solar’s largest project under construction, and the Company is the largest contributor to the 1.5 GW Benban site – the world’s largest solar park.

We have been a pioneer in Egypt since 2013 and have worked closely with the Government to support implementation of large-scale solar to increase the country’s share of renewable energy. Grid connecting our first solar power plant marks a major milestone for us. This is also our first power plant with bi-facial solar panels, capturing the sun from both sides of the panels to increase the total clean energy generation”, says Raymond Carlsen, CEO of Scatec Solar.

In April 2017, Scatec Solar with its partners KLP Norfund and Africa 50 signed a 25-year Power Purchase Agreements with the Government of Egypt for delivery of electricity from six solar plants, equal in size, totaling 400 MW. The estimated annual 870 GWh of electricity produced from Scatec Solar’s plants in Benban will avoid about 350,000 tons of CO2 emissions per year and provide energy for more than 420,000 households in Egypt. Scatec Solar expects to have completed all six power plants during second half of 2019.

For further information, please contact: 

Mikkel Tørud, CFO
Tel: +47 976 99 144

About Scatec Solar
Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long- term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants and has an installation track record of more than 1 GW. The company has a total of 1.7 GW in operation and under construction in Argentina, Brazil, the Czech Republic, Egypt, Honduras, Jordan, Malaysia, Mozambique, Rwanda, South Africa and Ukraine.

With an established global presence and a significant project pipeline, the company is targeting a capacity of 3.5 GW in operation and under construction by end of 2021. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SSO'. To learn more, visit www.scatecsolar.com.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Read more: First part of Scatec Solar’s 400 MW solar power...


Abstract

World Bank economists expect economic growth in the Middle East and North Africa (MENA) to continue at a modest pace of about 1.5 to 3.5 percent during 2019-2021, with some laggards and a few emerging growth stars. In late 2018, The World Bank called on the leaders of the Middle East and North Africa (MENA) to aim high. This report argues that the economics are clear and the evidence strong for such a link. While some MENA economies have maintained what this Update calls ‘unexplained’ current account balances for several years, fiscal policy has lost some of its historical role as a driver of the current account. The rest of this report is organized as follows. Chapter one summarizes the World Bank’s latest growth forecasts for MENA during 2019-2021. It also puts these projections in perspective by comparing the implied Gross Domestic Product (GDP) per capita growth rates to the region’s performance since 2011 and relative to the typical growth rates of economies with similar levels of development. In turn, the chapter assesses the role of external factors as determinants of the region’s growth rates, arguing that the key risks are associated with a global growth slowdown that could cause declining growth in the demand for the region’s exports. Oil prices are unlikely to play a major role, although oil-price forecasts remain uncertain. From a long-term perspective, however, evidence from MNACE’s new model of potential growth driven by external factors suggests that external factors explain less than 30 percent of MENA’s (average) growth performance, although in some oil economies this share rises to 60 percent. Consequently, growth needs to come from within the region in the years ahead. Structural reforms are needed. Chapter two turns to the fundamental drivers of current account deficits around the world and in MENA. The international evidence from another new MNACE model indicates that both demographic changes and (relative) aggregate labor productivity are fundamental drivers of an economy’s current account balance. However, current forecasts of aggregate labor productivity growth and demographic changes are unlikely to help close excess current account deficits in affected MENA economies when the region’s capacity to recirculate savings across regional borders is being tested. Thus, structural reforms capable of raising aggregate labor productivity in MENA are urgent, along with the Digital Moonshot. Chapter three concludes by discussing an agenda of structural reforms in the context of the Moonshot challenge. It covers areas of economic policy associated with potential gains in growth and productivity, but in which MENA’s experience and current circumstances are unique from an international perspective. More specifically, the chapter discusses reforms in fiscal policies, trade related policies, social protection and labor markets, and state-owned enterprises (SOEs) in network industries. The time for structural reforms in MENA has arrived.
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