Morocco, Tunisia to face bloated energy costs over 2023-2024
To:
Al-Monitor Pro Members
From:
Francisco Serrano
Journalist and analyst specialized in North Africa
Date:
Dec. 16, 2022
Bottom Line:
The volatility brought about by the Russian invasion of Ukraine in February 2022 has pushed up global energy prices. For net energy importers in the Maghreb, the consequences have been financially strenuous. Tunisia and Morocco face inflated trade and budget deficits, as governments move to attenuate the impact of higher energy prices on firms and households. Looking ahead, high energy costs will continue to put pressure on electricity generation, business operations, and state budgets.
