SubsidyRisk – The Political Risks of Subsidy Reform in the MENA region
| Do attempts to reform food and energy subsidies cause protests and political instability in the Middle East and North Africa (MENA)? MENA governments have dreaded touching long-standing subsidy schemes, fearing that reforms could lead to regime-threatening unrest, like in Iran in 2019. But the assumption that subsidy reform is politically highly destabilising has not yet been systematically tested. |