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Monday, 26 December 2016

Four things Egypt needs in 2017

Heading in 2016, we need four things — four themes that run through today’s issue and the others in the series we will be running this week. They are:

  • An impatient government that efficiently creates a better business climate and presses ahead with its reform agenda;
  • A patient private sector that realizes the reforms will not be fun — and that bellowing for protection, special exemptions or a reversal of course will lead us to disaster.
  • Policy stability in everything from taxation (thank you, Amr El Garhy, for your words on this front a few weeks back) to whatever investment incentives are carried in the forthcoming Investment Act.
  • Hard work. Exporting isn’t going to be easy. Productivity gains will be the order of the day. The only way forward, folks, is to grow our way out of the current bottleneck.

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