Competitiveness and Private Sector Development: Egypt 2010
Business Climate Development Strategy
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The OECD assessment is the first phase of a Business Climate Development Strategy (BCDS) which identifies policy priorities and proposes specific reforms and actions to enable Egypt to achieve measurable improvements in its business climate. One key finding is that Egypt’s investment and trade policy reforms have moved the country’s business climate closer to best practice in OECD economies. However, the report notes that to attract further private investment, Egypt needs to improve the country’s anti-corruption measures, skills development, infrastructure and access to finance, especially for the country's small-and-medium sized enterprises. BCDS Egypt offers specific recommendations on how policies, institutions and regulations can be improved to increase predictability for investors and make Egypt a prime investment destination.
This review was carried out as part of the wider MENA-OECD Investment Programme. It uses a new BCDS methodology that evaluates the business climate in 12 policy areas and draws on core OECD instruments, such as the Policy Framework for Investment (PFI), which have been successfully applied in other countries. By helping countries prioritise their actions and build consensus among stakeholders, the BCDS process supports the successful implementation of reforms to develop the private sector in the MENA region.
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Preface
The global economy has witnessed several crises during the past few years, ranging from a crisis in food prices, an energy crisis, and finally the financial crisis and its aftermath. These successive crises have posed challenges, yet created opportunities for developed and emerging economies. The world economy is now reshaping itself, and countries that work to create a balanced and stable investment environment for recovery and growth will be in a better position in the future.
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