Reforms are repositioning Egypt as a global investment destination, says Sahar Nasr: Egypt is repositioning itself “as a global investment destination” through its ongoing reform program, including “comprehensive improvements” to the country’s business climate, Investment and International Cooperation Minister Sahar Nasr said in an interview with CNBC. Nasr highlighted efforts to cut red tape and bureaucracy to bump up FDI, including new legislation such as the Investment Act, the Bankruptcy Act, and the Companies Act.

International institution have noticed we’re on the right track, according to Nasr. She took note of several encouraging economic indicators, including unemployment dropping to 10.6% in 1Q2018, GDP growth crossing the 5% threshold, and Egypt’s balance of payments recording a surplus. We still have a long way to go, Nasr acknowledged, admitting that improving private sector participation in the country’s economic landscape is “a work in progress.”

You can watch the minister’s full appearance here (runtime: 5:19).