Back to the complete issue
Wednesday, 27 October 2021

OECD to support structural econ reform through three year program

Prime Minister Moustafa Madbouly signed an MoU with OECD Secretary-General Matthias Cormann for a three-year country program to support Egypt’s structural economic reform agenda, according to a cabinet statement. The program lays out a plan for Egypt and the OEC to roll out 35 projects under five pillars: Inclusive and sustainable economic growth, innovation and digital transformation, governance and anti-corruption, statistics, and sustainable development. “All pillars will have a strong focus on gender equality and the inclusion of women and young people in the economy and society, as well as on supporting the formalisation of SMEs,” the OECD said. The PM signed the MoU in OECD’s Paris headquarters during his current visit to the French capital.

Egypt could help Somalia build rainwater harvesting dams, after Somali Agriculture Minister Saeed Hussein requested Egypt’s support with its expertise in this area during a meeting with Irrigation Minister Mohamed Abdel Ati on Monday, according to a ministry statement.

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 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; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.