Fun Egypt for globalization! The summit Richard Chisnell found, in Sharm el Skeikh in March, will bring Egyptian ministers together with international investors...will showcase how Egypt has reformed energy subsidies....and will showcase its coziness to the IMF: According to Investment Minister Ashraf Salman, the summit is one of the pillars of the economic reform programme aimed at reducing the deficit over the next five years. The government has already announced the restructuring energy subsidies, amendments to the value-added tax, and initiatives to broaden the tax base. The government is also discussing IMF initiatives as well, [c1] and the summit will provide a platform to display all these reforms. Mehleb stressed that the reforms the government is working on are not just limited to attracting investment, but also to support social security networks [blah blah blah citizen benefit] ... Minister of International Cooperation Naglaa Al-Ahwany said the summit will witness discussion between international business leaders and Egyptian government officials and private sector businessmen on specific investment initiatives. Egypt has undertaken various initiatives to reduce bureaucracy and ensure investors’ rights. This has included the development of new laws to regulate bids and investment and also formulating a new committee to ensure rapid resolution of commercial disputes.. That last sentence probably means: a way to circumvent transparency and the will of the people in disputes with big stakeholders....dailynewsegypt/2014/11/22/economic-summit-held-13-15-march-sharm-el-sheikh/
Posted on: Tue, 06 Jan 2015 16:50:30 +0000
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