On Wednesday , The Wall Street Journal published in its opinion section an op-ed by Egypt's minister of international cooperation Sahar Nasr about the latest "economic reforms" in Egypt.
Addressing foreign businessmen and foreign government through the daily business newspaper, Minister Sahar recounted the economic reforms and achievements of President Abdel Fattah El-Sisi's administration.
As expected and usual , the current minister of cooperation put the blame of economic woes on the Muslim Brotherhood president Mohamed Morsi and his one year rule.
She did not blame or compare "Mubarak's bad developments policies" with El-Sisi's policies interestingly in the op-ed.
Personally , the only thing that caught my attention aside from putting all the blame on the bad MB was her statements in English about the future of public utility companies in Egypt.
The Egyptian government will divest partially from several stated-owned Enterprises and banks as well for the first time in history public utility companies according to this statement, to this paragraph.
This is the first time , an Egyptian minister would say that the Egyptian state would divest partially in public utility companies and amazingly she announced that in a foreign newspaper.
I do not recall that an Egyptian official told the Egyptian public or the parliament or the Egyptian media about that before.
We already know that the government will divest partially from public banks , specifically Banque Du Caire and from oil sector as well.
It is the first time to include the public utility companies in that plan.
Addressing foreign businessmen and foreign government through the daily business newspaper, Minister Sahar recounted the economic reforms and achievements of President Abdel Fattah El-Sisi's administration.
As expected and usual , the current minister of cooperation put the blame of economic woes on the Muslim Brotherhood president Mohamed Morsi and his one year rule.
She did not blame or compare "Mubarak's bad developments policies" with El-Sisi's policies interestingly in the op-ed.
Personally , the only thing that caught my attention aside from putting all the blame on the bad MB was her statements in English about the future of public utility companies in Egypt.
Through public offerings, Egypt will be partially divesting from several state-owned enterprises and banks. For the first time, this will cover public utility companies, which have historically been excluded from divesture as a strategic sector. Megaprojects, mainly in infrastructure, are being carried out as public-private partnerships. The objective isn’t only to keep the private sector as a main stakeholder, but also to ensure a crowding-in rather than crowding-out effect.I think what the minister said in English is clear.
The Egyptian government will divest partially from several stated-owned Enterprises and banks as well for the first time in history public utility companies according to this statement, to this paragraph.
Minister Sahar Nasr of international cooperation |
This is the first time , an Egyptian minister would say that the Egyptian state would divest partially in public utility companies and amazingly she announced that in a foreign newspaper.
I do not recall that an Egyptian official told the Egyptian public or the parliament or the Egyptian media about that before.
We already know that the government will divest partially from public banks , specifically Banque Du Caire and from oil sector as well.
It is the first time to include the public utility companies in that plan.