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Dr. Mohamed Morsy: The Economic Plan

As a member of the Freedom & Justice Party and the Muslim Brotherhood, Dr. Mohamed Morsy plans to transform Egypt into a developmental economy.
Gehad Hussein | 18.05.2012
Running as a substitute for Muslim Brotherhood-member Khairat ElShater, Dr. Mohamed Morsy hopes to become the coming president of Egypt. Realizing that the economy plays a major role in bringing the country forward and developing various industries, Morsy plans to turn Egypt into a developmental economy. Below are the details of what his campaign has planned for the economic field:

1. Rapid and comprehensive transformation from an income or rentier economy to a productive or value-added economy, within the boundaries of an information and production society, through 100 national projects (each exceeding a billion dollars) guaranteeing the multiplication of Gross Domestic Product in five years at an annual growth rate of 6.5-7%.

2. Reforming the banking system to ensure it performs its principal role in supporting the national economy at different levels, while providing developmentally-appropriate monetary tools to ensure the effective participation of the banking sector in development projects and to ensure its focus on priorities.

3. Developing a program to support small and medium scale enterprises to provide a suitable environment for the advancement and sufficient activation of this economic segment by:

a. Providing necessary technical support for selecting, developing, and managing these projects.

b. Providing a training and certification program for the required management and technical cadres.

c. Providing the financial studies and tools necessary and appropriate for these projects.

d. Providing a legislative climate that guarantees small scale businesses' access to full opportunities of fair competition.

e. Creating societies and syndicates to support this segment.

f. Providing marketing opportunities and permanent exhibitions.
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About the author: Gehad Hussein

Former Editor-in-Chief at Egypt Business Directory and Freelance Editor at Ahram Weekly.