The Economist Intelligence Unit maintained in a recent report that Egypt’s economic growth would be impeded if a well-trained workforce does not emerge in the near future.
The Economist also cited over regulation and excessive bureaucracy as a constraint to economic progress.
Egyptian authorities, aware of the problem, have pledged to improve skills of the nation’s workforce by implementing an aggressive education campaign. This undertaking, however, is costly and difficult.
Nonetheless, if these goals are tackled efficiently, Egypt’s privatization program, along with projected subsequent business growth, is expected to result in a more liberalized, market-based economy.
Furthermore, the World Bank granted Egypt a $150 million loan earlier this month to be allocated to the nation’s education and health sectors, and specifically to programs which would train citizens in computer science and Internet Technology. –(Mena Report)
© 2001 Mena Report (www.menareport.com )