IFC eyes boosting business environment in Egypt

The International Financial Corporation (IFC), a member of the World Bank Group, supports the Alexandria Business Association (ABA) study to improve the business environment in Egypt and encourage economic development.

Despite that Egypt has made progress on reducing constraints on the private sector, the country still needs to do more to improve its business environment, experts say. There are frustrations with loan procedures, the lack of skilled labour, and licensing procedures, the ABA reported Saturday.

“The ABA is keen to focus the efforts of the private sector and the government on ways to simplify procedures that get in the way of doing business,” said Mohamed Bahaa El-Din Ghatwary, ABA chairman.