The Clap
The Egyptian government has identified five goals in its state ownership policy. Here’s the full doc, & here’s (below) a summary of it.
What
- Boost economic growth to 7-9%
- Increase the private sector’s participation in the economy
- Focus the state’s investments on key sectors
- Transition from managing the state’s institutions to managing the state’s capital
- Get a better sense of the state’s budget & maintain financial sustainability when faced with external shocks
Now what
The government plans to achieve these goals by gradually exiting from projects & companies, adopting monetary policy that supports price stability, adopting a flexible exchange rate regime that helps increase export levels, & creating an attractive investment environment for local & foreign investors alike.
