Egypt's CBE issues EGP5b FRN T-bonds    EHA launches national telemedicine platform with support from Egyptian doctors abroad    Madbouly reviews strategy to localize pharmaceutical industry, ensure drug supply    Egypt's real estate market faces resale slowdown amid payment pressures    Al-Mashat tells S&P that Egypt working to reduce external debt, empower private sector    Cairo's real estate market shows resilient growth as economy stabilizes: JLL    Egypt's Foreign Minister, Pakistani counterpart meet in Doha    Egypt condemns terrorist attack in northwest Pakistan    Emergency summit in Doha as Gaza toll rises, Israel targets Qatar    Egypt renews call for Middle East free of nuclear weapons، ahead of IAEA conference    Egypt's EDA, Korean pharma firms explore investment opportunities    Egypt's FM heads to Doha for talks on Israel escalation    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EU promises more support for democratisation in the Arab world
“More for more” is the order of the day, regulating EU support for democratising Arab countries
Published in Ahram Online on 28 - 05 - 2011

More money and more market access is coming between Egypt and the European Union, according to statements made yesterday in Cairo by the head of the European Commission Office in Egypt, Marc Franco.
The more Egypt democratises and pursues transparency, the more it should expect support, both political and economic, from its northern neighbours in Europe, Franco said.
“More for more” is the theme that the European Union is planning to apply to democratising Arab countries, especially Egypt and Tunisia.
On Tuesday, Catherine Ashton, EU High Representative for Foreign Affairs and Security Policy, said that on top of the 5.7 billion Euros already allocated to assist southern neighbours of the EU for the next two years, additional funding of 1.24 billion Euros is being earmarked for the same purpose. More money, in the form of investments and loans, will be coming from the European Investment Bank and the European Bank for Reconstruction and Development.
“With so much of our neighbourhood in the process of democratic change, this review is more important than ever. It is vital that we in the EU make a comprehensive offer to our neighbours and build lasting partnerships,” Ashton said.
According to Franco, a stable march towards democratisation and good governance was lacking in Egypt under ousted president Mubarak, while the country was making decent economic progress. This negative outlook on the democratisation front is bound to change with the end of the Mubarak regime, Franco suggested.
Despite the current slow-down of economic performance, Franco refuses alarmist scenarios. “Hopefully it will pick up during the next half of the year,” he said.
Franco doesn't expect major changes on the economic policy front from the caretaker government of Prime Minister Essam Sharaf, since such changes would be outside its mandate, according to Franco. He is satisfied that Sharaf is doing everything possible to “stabilise confidence” and “get businessmen back”.
More reassuring economic measures, Franco said, would be required of the next government, to encourage foreign investment in Egypt. The sooner and smoother the transitional period is navigated, Franco argued, the faster investment would come back to Egypt.
Overall, Franco expresses confidence in the administration of the transitional period. “Basically, it is going in the right direction, with the exception of some hiccups (like the burning of the churches in Imbaba) which affect not just tourists but investors as well.”
Franco is unwilling to comment on the possibility of an Islamist government taking over, and what this might mean for Egypt's economic outlook. He is, however, clear in saying that future European assistance to Egypt will be conditioned on democracy. “So more democracy and more respect for human rights would mean more assistance,” he said.
According to a paper issued by the European Commission on Egypt's implementation of required commitments in exchange for the benefits of the European Neighbourhood Policy last year, a wide range of demands on women's rights, the rights of non-Muslim citizens, including Copts, the operation of an efficient system of justice and combating human trafficking should be met by authorities.
Meanwhile, Franco said that the European Union would be offering, upon request, its expertise in conducting fair and free elections to concerned Egyptian NGOs and observers, if the Egyptian government agrees.


Clic here to read the story from its source.