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Sunday, 3 July 2016

Egypt still has no clear investment policy -Bahaa Eldin

Despite a nod from officials toward improving the investment climate, “Egypt today does not have a clear investment policy or even an overall economic vision,” writes former chairman of the EFSA and GAFI Ziad Bahaa Eldin in an op-ed for Ahram Online. The persistently poor rates of investment, productivity, employment, and exports can be attributed to five factors, including confusion over whether we’re pursuing expansionary policy or austerity, the lack of transparency surrounding megaprojects, and state neglect of hardships experienced by investors.

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