Egypt is working to establish itself as a leading destination for foreign direct investment (FDI). These efforts were spearheaded by the promulgation of a new investment law in 2017, which sought to significantly improve the legal framework for investors. While the impact of the legislation appeared to be muted, FDI inflows rebounded in both 2018 and 2019. While the government...
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Articles & Analysis | Long-term vision: The country’s development strategy provides a guide to its post- Covid-19 economic recovery from The Report: Egypt 2020
The Egypt Vision 2030 strategy is more of a statement of broad economic intent than a precise roadmap. However, against the backdrop of the global Covid-19 pandemic and with government policy focused on short-term mitigation efforts, the document provides as a useful reminder of the nation’s long-term economic ambitions. Launched in 2016, the strategy aims to create a “...
Articles & Analysis | Bridging the gap: Ambitious structural reforms provide strong fundamentals to face the challenges of the Covid-19 pandemic from The Report: Egypt 2020
Prior to the onset of the global Covid-19 pandemic an ambitious programme of economic reform had succeeded in accelerating Egypt’s growth and reducing its fiscal deficit. The creation of a more business-friendly environment and the streamlining of the country’s bureaucracy has seen Egypt rise steadily in global rankings. This progress has, however, been disrupted by the...
Interviews & Viewpoints | Mohamed Maait, Minister of Finance: Interview from The Report: Egypt 2020
What are the key economic priorities following completion of the IMF-backed reform programme?
Articles & Analysis | Weathering the storm: The country's recent economic reforms should help it to mitigate the worst effects of the Covid-19 pandemic from The Report: Egypt 2020
Although the country’s constitution dates from 2014, Egypt has been a presidential republic since the overthrow of the Muhammed Ali dynasty in 1952. Prior to 2019 the president served an initial four-year term, which could then be followed by a second term. However, after a referendum in April of that year, the public voted in favour of...