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Presents and evaluates the current structural reform programme adopted by the Egyptian Government in order to abide by the requirements of international agencies. The programme aims at improving the performance of state‐owned enterprises for the purpose of improving their saleability. Long‐term objectives include improving efficiency and export potential of Egyptian industry. The programme covers the areas of finance, physical assets and the management systems of companies. Contends that effects of the programme are still inhibited by the inefficiency of the Egyptian bureaucracy.

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