Back to the complete issue
Monday, 29 May 2017

Egypt entering eye of economic reform storm, but the only way is forward -TIMEP

“The issues Egypt faces are not, as some observers claim, outcomes of its uprising in 2011, but rather symptoms of the longstanding problems and challenges that caused it and have remained unaddressed,” The Tahrir Institute for Middle East Policy’s (TIMEP) report on Egypt in the six years after the revolution, “A Fragile Egypt in a Changing World,” says. The report “examines all aspects of governance in Egypt: political engagement, rule of law, rights and freedoms, minority rights, gender equality, security, and economic stability to explain how it arrived at its current state and provides recommendations for how to move toward fulfillment of the revolution’s aspirations in the current political context.” The report’s section on the economy notes that “Egypt is now entering the eye of its reform storm, and the only way out is forward. The government’s reform plan shows no sign of abatement, and it cannot. As the government seeks to obtain the rest of the IMF loan, it will have to push ahead with reforms. While this is good news for local and international investors, and perhaps for the country in the long run, it will also entail additional hardship for the economically vulnerable.” The landing page for the report is here.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.