The more Egypt does for itself, the more we can do for Egypt: EU Ambassador Ambassador James Moran praises government efforts on economic policy reform, sees potential for sustainable development

Egypt has been trying to rebuild its economy, shattered after two popular uprisings in 2011 and 2013, and is struggling to achieve stability amid tough security conditions. One of the country’s major goals has been to foster foreign investment. EU countries have been major contributors to foreign direct investment (FDI) in Egypt, most notably at the Sharm El-Sheikh Economic Summit of March 2015.

Where does Egypt stand in terms of achieving its democratic transition, given your observation of three years in this post now?

I arrived in February 2012. We supported the democratic movement right from the beginning, since it was announced back in July 2013. It was positive to see the constitution come through. We also had a full mission observing presidential elections, though it was not an easy process. As for parliamentary elections, it is getting a bit late in the day, because without the parliament in place, we have got a very important part of the puzzle missing. Now we know there were very good reasons why they delayed it, because of the constitutional challenges. The sooner this is done the better, as it helps in so many political and economic fields to have a parliament in the place.

 

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