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Thursday, 7 November 2019

Structural reforms are key to improve Egyptians’ quality of life, says World Bank economist

Structural reforms are the key to bring trickle-down effect of economic improvement across Egyptian social classes, says World Bank economist: Egypt’s economic reform program had wide-reaching social and economic ramifications on the middle class that must be remedied through structural reforms to deliver more equitable economic growth, World Bank senior economist Hoda Youssef says in a monthly report (pdf) from the Ahram Center for Political and Strategic Studies. Youssef says that Egyptians are (understandably) looking to sidestep any further repercussions from reforms and to reap the positive effects from the past few years and warns that while the reforms have been tough for many to swallow, the Madboulygovernment needs to avoid falling into a familiar pattern of enacting a limited but effective set of reforms and then failing to follow through because the medicine seems too bitter.

The report also includes a section on the reform of Egypt’s tourism industry, penned by Tourism Minister Rania Al Mashat, as well as sections on administrative reform in Egypt and how social equality fits into the broader picture of economic reforms.

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