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Tuesday, 10 September 2019

Madbouly, Nasr talk Egypt’s economic reforms with EBRD delegation

Madbouly, Nasr talk Egypt’s economic reforms with EBRD delegation: Prime Minister Moustafa Madbouly and Investment and International Cooperation Minister Sahar Nasr met yesterday with a delegation from the European Bank for Reconstruction and Development (EBRD), which is in town for an economic fact-finding mission, according to a Cabinet statement. The two sides looked into Egypt’s planned legislative and regulatory reforms to spur FDI, as well as measures to encourage private sector investments and growth.

In other EBRD news, the bank launched yesterday an initiative to improve labor skills in Egypt’s electrical equipment and cables industry, according to a statement. The program, which is financed through the Swiss State Secretariat for Economic Affairs, will see contribution from the Federation of Egyptian Industries, the Chamber of Engineering Industries, private sector companies, and the government. “The platform will promote skills, human capital policies and national occupational standards by identifying gaps in technical skills and by helping to set up training programmes in coordination with vocational institutions and schools. It will also introduce specific qualifications and certifications of standards.”

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