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Listen to IMF economists and other experts discuss key economic and financial issues of the day. Click on the play button. Alternatively, download the audio MP3 file—a popular digital music format for sound files. Broadcasters: this facility is also being made available to enable these podcasts to be broadcast on radio outlets free of charge. Also available in SoundCloud

Reforming Energy Subsidies in Africa

March 27, 2013

Power station in South Africa. Measures to protect the poor must be included in any reform of Africa’s energy sector (Photo: Sibeko/Newscom)

In many countries, governments often subsidize the energy sector keeping the price of power lower than it might otherwise be. The aim is to protect the poor by keeping prices low. But, a new study by the International Monetary Fund suggests that these subsidies don't always have the desired effect.

Trevor Alleyne, IMF, African Department