Source: The Tahrir Institute For Middle East Policy
Author(s): Osama Diab
Original Link: https://timep.org/commentary/fdi-isnt-enough-for-egypt/
Today marks the two-year anniversary of the Egypt Economic Development Conference (EEDC), an event hyped by the Egyptian government and business community in an effort to restore trust in Egypt’s economy and bring in much-needed foreign cash. Since the conference, foreign direct investment (FDI) has indeed increased, but that does not necessarily bring good news to the unemployed and wage earners. The EEDC might be succeeding in giving Egypt more electricity and houses, but it remains to be seen whether Egyptians will be able to pay for them and for the mounting debt they are leaving behind if they remain unemployed and increasingly poor…
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