After the Sharm Summit: Investing in Egypt’s Future
On Wednesday April 22nd, Managing Director Amal Kandeel participated as a speaker in a panel on Egypt’s economy and investment climate that was held at the Middle East Institute in Washington, D.C. Her fellow panelists were Kush Choksi, Vice President for Turkey and the Middle East at the US Chamber of Commerce; Hisham Fahmy, CEO of the American Chamber of Commerce in Egypt; and Chris Jarvis, IMF’s Mission Chief for Egypt. The panel was moderated by Randa Fahmy, Founder and President of Fahmy Hudome International.
Ms. Kandeel opened the panel discussion with an overview of the reforms and policies the Egyptian government has been undertaking to restore confidence in the economy and revive investment in order to achieve higher economic growth rates and inclusive development goals. She discussed the importance of improving the investment climate, and summarized key highlights from the Sharm Conference and their significance.
Mr. Jarvis provided an institutional assessment of the Egyptian economy and its outlook at this stage from the IMF’s perspective, and where relations stand with the IMF. Mr. Fahmy offered his assessment of the Egyptian business and investor perspective about the current economic situation and investment climate in Egypt. Mr. Choksy provided the American business/Washington perspective of these current developments in Egypt, and the extent to which the security situation has been affecting American business interests in the country.
The panel was well-received, and was attended by over 100 people from the private sector, non-profit organizations, US government agencies, and the Egyptian diplomatic mission’s specialized bureaus, as well as others. It was covered by several news agencies, including Aljazeera TV Station.
You may watch a video of the event by going to this link: