Egypt : Enabling Private Investment and Commercial Financing in Infrastructure
In 2016 the Government of Egypt (GoE) has embarked on an ambitious and much needed transition towards a better economic policy. While the macroeconomic stability and market confidence have been largely restored, the overall fiscal situation remains...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/588971544207642729/Report http://hdl.handle.net/10986/31070 |
| Summary: | In 2016 the Government of Egypt (GoE)
has embarked on an ambitious and much needed transition
towards a better economic policy. While the macroeconomic
stability and market confidence have been largely restored,
the overall fiscal situation remains challenging. With
limited fiscal space, solely relying on public resources to
fund infrastructure investments, will no longer be a viable
strategy to meet the country's needs. Building on
the success of attracting private investment in renewables
and natural gas sector, there is significant potential for
replicating the success across other infrastructure sectors.
Egypt has recognized that in order to raise competitiveness,
increase investments in human capital, and sustain the
benefits of the homegrown reform; it will need to
continuously shift its development model towards creating an
enabling environment for the private sector to invest more,
export more and generate more jobs. Starting with Energy,
Transport, Water and Sanitation and Agriculture, this report
highlights the tremendous potential and opportunities
available in each of these sectors. Additionally, it also
presents a roadmap for sectoral transformation, whilst
highlighting the cross-cutting enabling and functional
activities required to facilitate this transition. |
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