Report on the Implementation of the Investment Policy Review of Egypt
In 2005, the Government of Egypt invited UNCTAD to assess the extent to which the IPR recommendations had been implemented.
In summary, the key findings of the report on the implementation of the IPR are:
- on the investment framework, the majority of the policy recommendations have been implemented, in some cases reforms have surpassed expectations
- on investment promotion, the recommendation has been adopted to transform GAFI, Egypt's investment agency, from a regulator to an investment promoter and facilitator
- FDI performance has been weak over the period even taking into account external factors such as the Asian financial crisis and the recent slowdown in global FDI inflows. Egypt's FDI data is unreliable and may understate FDI inflows.