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Sunday, 4 February 2018

The private sector is indispensable for economic growth

The private sector is Egypt’s best bet for real economic growth and the state must pave the way for it to flourish, Fahim Mostafa writes for Al Borsa. Mostafa encourages the government to take the backseat and work as a regulator of the economy rather than a main actor. He also says that more legislative reform is needed to encourage private investment, stressing a need for it to be supported by key policy changes, such as a gradual decline in interest rates and enlisting the private sector’s help in managing public services.

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