A very interesting presentation by Egyptian Finance Minister at Cato talking about economic reform in Egypt. Some comments on the discussion;
1- Talking about debt to GDP ratios and statistical issues in general he commented, ‘You need to know your way in Egyptian institutions to be able to get calculations right’- I find this a very lamentable issue that one needs to know around Egyptian bureaucracies to get your economic statistics right.
2- Should we wait for a critical mass of reformers to develop to reap the benefit of reforms?
3- I thought his comments on how to make reforms irreversible insightful- a major challenge in the developing world.
4- I find it unacceptable his justification for sitting in the parliament and seeing no conflict of interest as a cabinet minister
5- Would economic liberalization bring in democracy to the Arabs?
6. In the Q&A session, talks about a wide range issues including pension reforms, PPPs, role of democracy, etc.
Listen to this podcast- very highly recommended.
Related;
How to Reform the Business Environment
Why Do Economies Grow?
Reformers’ Club
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