Egypt plans quick steps to spur economy, then 'Marshall Plan'


  • World
  • Tuesday, 30 Jul 2013

CAIRO (Reuters) - Egypt's new cabinet plans quick steps to spur the economy while laying the ground for a broader "Marshall Plan" to present to Gulf countries and other donors, its chief economic strategist said.

With its options limited by a crushing financial crisis, Deputy Prime Minister for economic affairs Ziad Bahaa El-Din said the cabinet aimed to cut red tape and restart stalled investments to encourage a revival in business activity.

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