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    Swiss Economic Development Cooperation

    Egypt: Country Strategy 20092012

    07/2009

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    Contents

    Abbreviations 4

    Introduction 5

    1. Context 6

    Political situation 6

    Economic situation 6

    Bilateral economic relations 8

    2. Development cooperation in Egypt 9

    Donor landscape and development policy 9

    Swiss economic development cooperation 9

    3. Conclusions and challenges 11

    4. Future SECO economic cooperation: Objectives 13

    5. Future SECO economic cooperation: Measures and implementation 15

    6. Local partners and programme management issues 18

    Annex: Country indicators 20

    Data in this strategy is based on ocial nancial and development statistics

    rom the World Bank and other international bodies.

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    Abbreviations

    CHF Swiss rancs

    DPG Development Partners Group o the United Nations

    EFTA European Free Trade Association

    ESDF Egyptian-Swiss Development Fund

    EU European Union

    FDI Foreign Direct Investment

    GDP Gross Domestic Product

    IPR Intellectual Property Rights

    MoU Memorandum o Understanding

    NATO North Atlantic Treaty Organisation

    SDC Swiss Agency or Development and Cooperation

    SECO Swiss State Secretariat or Economic Aairs

    SIFEM Swiss Investment Fund or Emerging Markets

    SME Small and medium-sized enterprises

    TPES Total Primary Energy Supply

    UN United Nations

    UNCTAD United Nations Conerence on Trade and Development

    USA United States o America

    USD US dollars

    WE SECO CooperationWEHU SECO Cooperation Trade Promotion

    WEIF SECO Cooperation Private Sector Development

    WEIN SECO Cooperation Inrastructure Financing

    WEMU SECO Cooperation Macroeconomic Support

    WTO World Trade Organization

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    IntroductionIn the ramework o the Swiss development cooperation, the Economic Cooperation and Develop-

    ment Division o the Swiss State Secretariat or Economic Aairs (SECO) is responsible or economic

    and trade policy measures with partner countries. The main aims are to integrate partner countries

    into the global economy and to promote sustainable economic growth, thus contributing to poverty

    reduction.

    SECO ocuses its support on themes where it can add most value. Depending on the partner

    countries needs and priorities, the interventions may include promoting stable economic conditions,

    strengthening competitiveness, supporting trade diversication, mobilising domestic and oreigninvestment as well as improving basic inrastructure. Particular emphasis is placed on economic

    governance and environmental issues. All measures are intended to trigger and complement eorts

    made by partner governments, regional entities and the private sector.

    SECO works globally through key multilateral partners as well as bilaterally with selected countries

    such as Egypt. Based on consultation with the Egyptian Government and other development part-

    ners, the present strategy sets out how SECO intends to translate its overall goal into concrete and

    sustainable results. This entails applying best practice methodologies, observing the principles o the

    Paris Declaration on Aid Eectiveness, thus using the most eective and ecient means o imple-

    mentation.

    The present country strategy is based on the Swiss Development Assistance Act o 1976, on the

    Federal Councils development policy strategy o 2008 as well as on the Dispatch on the nancing

    o economic and trade policy measures in the context o development cooperation and the related

    seventh ramework credit, which was approved by the Swiss Parliament in December 2008.

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    1 ContextPolitical situation

    With the Suez Canal under its control and its central location in the Arab world, Egypt holds a key

    role in Arican, Mediterranean, Middle Eastern and even global politics. It is the most populous Arab

    country with 75.5 million inhabitants and a growth rate o 1.7% p.a.

    Since the assassination o President Anwar as-Sadat in 1981, the ormer Deputy o the Minister o

    Deence and Vice-President Muhammad Husni Mubarak has been President and Leader o the

    National Democratic Party. The presidential elections in September 2005 conrmed PresidentMubarak in his position or a six-year term, whereas parliamentary elections in November 2005

    brought substantial gains to the candidates o the Muslim Brotherhood and weakened the secular

    opposition parties. A cabinet reshufe took place, suggesting urther economic and political reorms

    in the years to come. The next presidential elections will take place in 2011.

    The Armed Forces o Egypt are the largest on the Arican continent and the 11th largest in the

    world. They support stability and moderation in the region and are a participant in NATOs Mediter-

    ranean Dialogue orum.

    Economic situation

    Egypt is a middle-income country with a large economic potential and an important emerging

    market. The country has made considerable progress in macroeconomic stabilisation and reorm

    since embarking on a structural adjustment programme in 1991, aiming at deregulation, liberalisation

    o trade and promotion o private initiative and investment. In the late 1990s, however, economic

    perormance weakened and the situation urther deteriorated during the period 20002003,

    ollowing the diculties related to September 11 and the war in Iraq. During this period, real GDP

    growth reached levels as low as 3.2% in 2003. Since then, real GDP growth has risen steadily to

    peak at 7.2% in 2008, coming close to the objective o Egypts current Five-Year Plan that aims or

    annual real GDP growth o 8%.

    The Egyptian economy is relatively small (only the ourth economy in the Arab World ater Saudi

    Arabia, the United Arab Emirates and Algeria). Nevertheless, the country remains an important eco-

    nomic hub connecting the Arican, European and Asian continents and its economy is well diversi-

    ed. Services account or almost hal o GDP. This includes the public sectors (administration and

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    1 UN Conerence on Trade and Development, World Investment Report 2008

    2 Arab Republic o Egypt Poverty Reduction in Egypt, World Bank, June 2002.

    Suez canal) contribution o about 33%. The industry sector contributes 38% to the overall GDP,with the textile industry being the most important branch. Although the contribution o agriculture

    to GDP has signicantly diminished in recent years (rom 20% in 1982 to 13.8% in 2007), this

    sector remains important.

    Egypt has been very successul at attracting oreign investment. According to UNCTADs World

    Investment Report 20081, Egypt is at the top o the list o Arican countries in terms o oreign direct

    investments (FDI). In 2007, Egypt received a total o USD 11.6 billion in FDI which corresponds to

    over the hal o oreign direct investments in Northern Arica and to 22% in the whole o Arica.

    The Government o Egypt has been nancing the decit o the state budget through grants and

    borrowing on the local market. State debt reached 70% o GDP in 2007. The Governments overallexternal debt reached a moderate 24,2% o GDP (FY 2006/07), according to the IMF. Infation

    remains a challenge peaking at 22% in the rst seven months o 2008 and an estimated 9.1% in

    2009.

    Unemployment is at about 10% (23% among women) according to ocial gures. In order to

    respond to unemployment, estimates show that Egypt needs to maintain a real GDP growth rate o

    6% (almost 800 000 new jobs must be created every year in order to absorb new entrants to the

    market). According to a World Bank report2, about 20% o the population lives on less than USD 2

    per day. This gure is much lower than the estimation o average daily wages in 2007 at USD 810,

    thereby refecting the large disparities in the distribution o wealth within the population.

    Egypts economy is urther conronted with a persistent high vulnerability to external shocks. In the

    wake o the international nancial crisis and its impact on the large markets such as the EU and the

    USA, an international slowdown in economic growth is expected. Egyptian exports and the tourism

    industry will be aected. The Government has approved dierent measures to protect the Egyptian

    economy rom a slowdown in GDP growth, such as the promotion o exports and suspension o the

    planned increase in very cheap energy prices or industrial use. Furthermore, the Governments

    current economic policy underlines the importance o maintaining a sound and prudent macro-

    economic approach and promoting a more active role o the private sector in the development proc-

    ess. In addition, in reaction to the nancial crisis the Government launched a EG 15 billion (1.7%

    o GDP) stimulus programme in December 2008 mainly to nance new inrastructure projects,especially in the transport sector, and also or tax relie purposes. A second stimulus programme o

    same magnitude was launched in March 2009 to support the economy.

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    Bilateral economic relations

    With exports valued at CHF 626 million in 2008, Egypt is the second largest Arican export market

    or Switzerland ater South Arica (CHF 775 million). Switzerlands imports rom Egypt, in turn,

    remain comparatively low with CHF 28.2 million.

    Egypt is an important emerging market with substantial potential or growing business relations

    with Switzerland. In order to support trade relations between Switzerland and Egypt, and taking

    into consideration the progress achieved so ar under the EU Mediterranean Partnership, a Free

    Trade Agreement with the European Free Trade Association (EFTA) was signed in January 2007,

    which came into eect on 1 August 2007. The ree trade agreement provides liberalisation o trade

    in industrial goods and shery products and aims at improving the market access or agricultural

    products. The agreement also contains rules regarding intellectual property rights and competition

    as well as evolutionary clauses regarding services, investments and public procurement. This allows

    Egypt to improve its competitiveness and increase its attraction to investors rom the EFTA states.

    Moreover, the provision o technical and nancial assistance is included in the ree trade agree-

    ment. Egyptian exports benet rom a contractual guarantee or preerential treatment in the EFTA

    markets.

    3 EFTA member states are Norway, Iceland, Principality o Liechtenstein and Switzerland

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    2 Development cooperation in EgyptDonor landscape and development policy

    The current development objectives o the Government o Egypt, as expressed in the 6th Five-Year

    Plan (2007/8 2011/12) aim at reconciling the interests o past and uture generations within a

    concept o sustainable development, developing a national economy able to ace global compe-

    tition and reduce poverty. Goals o the Government in this plan include:

    Realise higher rates o economic growth

    Achieve balance between development requirements and environmental preservation

    Achieve an ecient and competent economy (building a knowledge-based economy, developing

    Egyptian exports, promoting the role o the private sector)

    Eradicate poverty and unemployment

    Egypt receives signifcant development assistance aid. The role o donor coordination rests with the

    Ministry o International Cooperation. Furthermore, the international donor community meets regularly

    in the ramework o the Development Partners Group o the United Nations (DPG), which is currently

    composed o 21 bilateral partners and 13 multilateral agencies. The DAG operates at two levels:plenary meetings and thematic sub-groups (Health and Population, Natural Renewable Resources,

    Environment and Energy and Micro, Small and Medium Enterprises). Switzerland participates in all

    these groups.

    Swiss economic development cooperation

    The Swiss economic development cooperation programme in Egypt has been developed over a

    period o 30 years. The nancing o basic inrastructure through mixed nancing lines amountingto a total o CHF 330 million since 1979 has been the main pillar o this cooperation. Over the

    past decade, priority has been given to projects in the health sector. The last mixed credit projects

    are expected to be completed by 2011. Smaller programmes in the domain o trade promotion have

    also been supported. In addition, a partial cancellation (CHF 150 million) o the bilateral debt was

    granted in 1995, leading to the establishment o the Egyptian-Swiss Development Fund (ESDF)

    endowed with local counterpart unds equivalent to CHF 90 million. Ater the Gul War, additional

    bilateral assistance was provided including the rescheduling and reduction o the bilateral debt with

    a contribution o CHF 30 million to the establishment o a Social Fund and targeted technical

    assistance.

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    Parallel to the conclusion o the Free-Trade Agreement between Egypt and EFTA in 2007, a Memo-randum o Understanding (MoU) or Strengthening Economic Development Cooperation between

    the Government o the Arab Republic o Egypt and the Government o the Swiss Conederation was

    signed, aimed at acilitating the implementation o the Free Trade Agreement and enabling Egypt to

    better benet rom trade liberalisation. This MoU laid the basis or uture Swiss economic

    development cooperation in Egypt, the details o which are now being set out in the present

    strategy. The ocus areas described in the MoU are as ollows: i) inrastructure nancing, ii) private

    investment promotion, iii) trade and clean technology cooperation and iv) social development and

    environment. Many commitments mentioned in the MoU have already been ullled, as activities

    were started beore signature o the MoU. The main completed activities are:

    Measures aiming at increasing the competitiveness o Egyptian enterprises and adapting themto the quality and environmental standards prevailing in the export markets.

    The promotion o more eco-eciency in industrial production and the adoption o international

    exports standards.

    Measures in the domains o social development and environment by ESDF, which will be closed

    by December 2009. It should be noted that the und was already established in 1995 and is men-

    tioned in the MoU mainly or the sake o completeness.

    Grants oreseen in the MoU or new inrastructure have not yet been allocated however and areintegrated in this strategy.

    In 2008, a bilateral Steering Committee was constituted in order to monitor the implementation o

    the MoU and to consult on the uture cooperation strategy o Switzerland in Egypt. This Steering

    Committee, composed o Egyptian (Ministry o International Cooperation) and Swiss ocials (Swiss

    Embassy / SECO), meets twice a year.

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    3 Conclusions and challengesEgypt is a key political and economic player in Arica attracting successully large investment and

    development assistance programmes rom all over the world. However, Egypt is still conronted with

    serious environmental challenges and social disparities, and still receives oreign aid. With decades

    o successul trade and development relationships with Egypt, Switzerland can capitalize on a long-

    standing riendship and lessons learned rom past experiences.

    Against this background, SECO will ocus its assistance in the ollowing elds o action:

    Maintaining a high economic growth rate in order to absorb new entrants to the labour marketand keep unemployment and poverty under control: The eorts undertaken in the improvement

    o the business environment, strengthening o the nancial sector and acilitation o trade, which

    have resulted in a 7% annual growth rate over the past three years need to be actively contin-

    ued. These measures will also contribute to enhancing Egypts international competitiveness.

    Investments in adequate (environmental) inrastructure, resulting in an improved accessibility to

    services and enhanced environmental conditions, particularly in the densely settled areas o the

    Nile valley and the delta: The management o waste remains o paramount importance; particu-

    larly or toxic waste (industrial, medical, chemical), since there is a great shortall o adequate

    treatment capacity. The Government o Egypt also wishes to make increasing use o the availa-

    ble renewable energy resources (wind, solar, biomass) in order to reduce its CO2 emissions andthe high level air pollution. In spite o investments made, more needs to be done to prevent the

    urther deterioration o the water quality, impacting health, agriculture and quality o lie. There

    are water shortages due to the growing population, urbanisation, the expansion o agriculture

    to ormer desert areas, insuciently treated industrial and domestic discharges, limited sanitation

    coverage in rural areas and heavily polluted drainage canals. The deterioration o the environment

    is a serious limitation or economic growth: the harm to the economy due to poor water quality

    alone is estimated at 1.8% o GDP.

    Despite notable improvements in the indicators o overall scal decit and public debt, the

    Government o Egypt still aces a number o macroeconomic challenges such as large subsidies,

    infation, large domestic debt with low average maturity and the reorm o treasury manage-

    ment, which need to be addressed in order not to negatively aect the sustainability o the

    economic growth and Egypts ability to nance investment projects needed or development.

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    The ollowing principles shall be applied in the implementation o the strategy:

    SECO remains a committed partner or in-country implementation o the Paris Principles on Har-

    monisation and Alignment and will actively participate in the harmonized donor dialogue and

    seek co-nancing opportunities to pool resources, develop a targeted policy dialogue with the

    Government and reduce the administrative burden or recipients

    Give high priority to the capacity building needs

    Favour a niche approach within the elds o SECOs core competencies, ocusing on projects

    or activities with strong innovation and a high demonstration eect

    Wherever possible, create synergies between dierent SECO programmes

    Implement results-based project management and incorporate clearly dened perormance indi-

    cators

    Reinorce and maintain the visibility o the SECO cooperation programme

    Achieve a better balance between the State and the private sector through the development o

    the private sector

    Financing o projects is demand driven and based on single project proposals o the Egyptian

    Government

    Given that SECO will carry out simultaneously global and bilateral programmes, it will closely

    monitor global and regional initiatives relevant to Egypt

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    4 Future SECO economic cooperation:Objectives

    SECO based the ollowing strategic objectives to respond to Egypts challenges and priorities on the

    6th Five-Year Plan o the Egyptian Government and on the MoU or Strengthening Economic Develop-

    ment Cooperation, but also on consultations with the Ministry o International Cooperation and on

    strategies o like-minded donors.

    Overall SECO objective for Egypt

    To support Egypt in its objectives o achieving and maintaining a high and sustainable GDP growth and economy,

    o improving its international competitiveness and o reducing its poverty.

    Objectives* Contribution to the

    expected overall outcome**

    a. To contribute to the improvement o the basis

    or sustainable economic development and

    growth through the support or basic, in particular

    environmental, inrastructure

    Reliability and cost-eectiveness o services as

    well as the quality o inrastructure is improved

    Regulatory authorities are strengthened and lead

    over time to a better provision o basic inra-

    structure services

    b. To promote international competitiveness and

    resilience to external shocks in view o Egypts

    increasing internationalisation

    Compliance with trade-related standards is

    improved as evidenced by trade policy reviews

    (e.g. WTO)

    Exports and imports o goods and services as %

    o GDP increase and export base is diversied

    Financial sector soundness is improved as

    evidenced by soundness indicators and sector

    wide assessments

    Debt is consolidated as a prerequisite or continued

    growth perormance

    Public Financial Management systems aresystematically improved

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    Objectives* Contribution to theexpected overall outcome**

    c. To promote employment by strengthening the

    private sector, in particular by promoting SMEs

    Improving the business environment as evidenced

    by the World Bank Doing Business Ranking and the

    Global Competitiveness Index

    Financial markets gain in depth as evidenced by

    nancial sector deepness indicators

    Unemployment and poverty are reduced

    * SECOs eorts are guided by these main objectives. Additional activities are possible on a selective basis, as long as they arein line with the countrys needs and the economic and trade policy measures.

    ** These are generic objectives to which SECO programmes aim to contribute and which set guiding principles or programme

    activities. Achieving these depends on a variety o actors, not all o which can be directly infuenced by SECO (e.g. decisionso partner governments, economic conditions, etc.). In order to measure our contribution, specic indicators or SECOprogrammes will be ormulated in relation to these objectives.

    SECOs transversal theme o economic governance will run through all dimensions, as well as

    strengthening corporate governance and corporate social responsibility. The second SECO transversal

    theme o climate change, energy and the environment is central to the inrastructure deve lopment,

    trade promotion and private-sector development programmes.

    Taking into account these themes is essential to achieve the Egyptian objectives o sustainablegrowth and the integration o the country into the world economy.

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    5 Future SECO economic cooperation:Measures and implementation

    The seventh ramework credit (20082012) denes an amount o CHF 400 million or economic

    cooperation activities in the seven priority countries including Egypt. The allocation to individual

    countries, programmes and projects will depend on the identication o suitable transactions, the

    absorption capacity as well as the eciency and eectiveness o the cooperation with the relevant

    partners in each priority country.

    a. To contribute to improvement of the basis for sustainableeconomic development and growth through support forbasic, in particular environmental infrastructure

    Means:

    SECOs inrastructure programme ollows three axes o intervention: i) the nancing o investments

    or advanced environmental technology; ii) the provision o technical assistance or institutional and

    capacity building, incl. private sector participation; iii) the contribution to policy dialogue in order toimprove the quality o public inrastructure and achieve ecological sustainability.

    Challenge:

    A key challenge or the SECO inrastructure programme in Egypt are other donors carrying out in-

    rastructure projects in SECOs sectors o interest with substantially higher budgets. This requires a

    good coordination between the various donors and the relevant Egyptian authorities, as well as

    economic transparency in the projects.

    Proposed measures:

    Contribute with technology and know-how transer to improvement o the inrastructure with

    eect on the environment and the climate. Possible sectors o activities: water supply, waste-water treatment, waste management (particularly solid and liquid toxic waste) and renewable

    energy.

    Contribute to a better corporate governance in the management o investment projects and the

    operation and maintenance o public inrastructure.

    Contribute to the policy dialogue on the provision o inrastructure jointly with other donors.

    4 Colombia, Egypt, Ghana, Indonesia, Peru, South Arica, Vietnam

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    b. To promote Egypts international competitiveness and resil-ience to external shocks in view of its increasing interna-tionalisation

    Means:

    SECO provides technical assistance to trade and support to export quality control and standards, as

    well as support to productivity, sustainability and energy eciency programmes. SECO also contrib-

    utes to the reduction and mitigation o macroeconomic and nancial stability risks related to Egypts

    integration into the global economy and to strengthening the economys ability to withstand

    shocks.

    Challenges:

    Generally, the sustainability o capacity development programmes in Egypt, especially in the private

    sector, is challenging. SECO has also limited resources to implement bilateral projects and partici-

    pate actively in the policy dialogue. In addition, there are also several existing programmes in Egypt

    already supporting export activities by SMEs.

    Proposed measures:

    Capacity building in the area o the protection o intellectual property rights (IPR)

    Reduction o trade barriers through support o customs reorms and quality control, standards

    and certication

    Contribute to clean technology, environmental and energy eciency programmes

    Reduction o macroeconomic risks through capacity building in internal debt management, sup-

    porting public nancial management and nancial sector reorms.

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    c. To promote employment by strengthening the private sec-tor, in particular by promoting SMEs

    Means:

    SECO provides technical assistance to acilitate access to nance and management support or pri-

    vate companies, while making more use o the private sector as a development agent, as well as

    achieving better leverage with regard to the role o the public sector in the economy. SECO also

    contributes to the improvement o a more business enabling environment.

    Challenges:

    SECO has no experience in providing support to micro-enterprises and should ocus on the SME

    segment. Furthermore, credit lines or SMEs are already made available by other large donors such

    as the EU and the Egyptian Social Fund or Development and will thus not be part o SECOs pro-

    gramme.

    Proposed measures:

    Support long-term nancing o private equity unds that invest in private companies with assist-

    ance o the Swiss Investment Fund or Emerging Markets (SIFEM)

    Support corporate governance structures in the private sector

    Improvement o management skills within SMEs

    Support simplication o business start-up procedures

    Support acilitation o dispute resolution

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    6 Local partners and programmemanagement issues

    In Berne the SECO cooperation (WE) sections directly involved in the implementation of the co-

    operation programme are: (i) Macroeconomic Support (WEMU); (ii) Private Sector Development

    (WEIF); (iii) Trade Promotion (WEHU) (iv) Inrastructure Financing (WEIN). General coordination is

    assumed by a country coordinator. (Contact: State Secretariat or Economic Aairs SECO, Economic

    Cooperation and Development, Country Coordinator Egypt, Engerstrasse 1, 3003 Berne, Switzer-

    land, Tel. +41 (0)31 324 09 10, [email protected], www.seco-cooperation.admin.ch.)

    The Swiss Embassy in Cairo is SECOs direct Swiss partner in Egypt. It ensures the local coordinationand management o the economic cooperation and development programme. The Embassy also

    maintains regular contacts with the local authorities, the working partners and coordinates with the

    other donors in Egypt. Contact: 10, Abdel Khalek Sarwat Street, 11511 Cairo, Egypt, Tel. +20 (2)

    257 58284, [email protected], www.eda.admin.ch/cairo.

    Monitoring at the programme level is supported by a bi-annual bilateral Steering Committee with

    representatives o the Ministry o International Cooperation and o the Swiss Embassy/SECO.

    Monitoring at the project level is ollowed by the Swiss Embassy and SECO with the support o

    Swiss consultants.

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    Main international partners for SECO in Egypt

    WB World Bank WE

    IFC International Finance Corporation WEIF

    EU Delegation o the European Commission to Egypt WE

    KW KW Entwicklungsbank WEIN

    GTZ Gesellschat r technische Zusammenarbeit WEIN

    ADB Arican Development Bank WE

    PPIAF Public-Private Inrastructure Advisory acility WEIN

    SIFEM Swiss Investment Fund or Emerging Markets (Bern) WEIF

    UNIDO UN Industrial Development Organisation WEHU

    OSEC Business Network Switzerland (Zurich) WEHU

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    Annex: Country indicatorsThe ollowing data rom the respective years or most recent is based on statistics rom the World

    Bank and other international bodies, including the World Economic Forum, the ILO and the UNDP.

    Sustainable Growth 2008 2009 2010

    GNI per capita, PPP (current international USD) 5,400

    Real GDP growth (annual %) 7Global Competitiveness Index (Rank) 77 81

    External Debt (in % GDP) 23

    Gross government debt (in % GDP) 29.2

    Gross capital expenditure (in % GDP) 21

    Infation, GDP Defator (annual %) 13

    Domestic credit provided by banking sector (in % GDP) 18.7

    Interest rate spread5 5.7

    Strengthened Integration into the World Economy 2008 2009 2010

    Exports o goods and services (% o GDP) 31

    Imports o goods and services (% o GDP) 39

    FDI (net infows, BoP, current USD) 11.58 bn

    5 Lending rate minus deposit rate (%).

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    Reduction of Disparities 2008 2009 2010

    Gini index6 34.4

    Unemployment rate (%) 10.6

    Poverty headcount ratio at national poverty line (% o population) 53

    Improved water source, urban (% o population with access) 99

    Improved sanitation acilities, urban (% o population) 85

    Electrication rate (%) 98

    Improvement of Economic Governance 2008 2009 2010

    Ease o doing Business (Rank) 114

    Trade Across Borders (Rank) 24

    Governance indicators o the World Bank7

    A) Government Eectiveness (%) 39

    B) Regulatory Quality (%) 43

    C) Rule o Law (%) 52

    D) Control o Corruption (%) 36

    Improvement of Environmental Conditions 2008 2009 2010

    CO2 emissions (metric tons/per Capita) 2

    Share o renewable energy o TPES (%) 4.2

    GDP per unit o energy use8 4.9

    6 A value o 0 represents absolute equality, and a value o 100 absolute inequality.7 Percentile rank indicates the percentage o countries worldwide that rate below the selected country.

    Higher values indicate better governance ratings.8 The ratio o GDP (in 2000 PPP USD) to commercial energy use, measured in kilograms o oil equivalent.

    This indicator provides a measure o energy eciency by showing comparable and consistent estimates

    o real GDP across countries relative to physical inputs (units o energy use).

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    Notes

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    ContactState Secretariat or Economic Aairs SECOEconomic Cooperation and DevelopmentCountry Coordinator EgyptEngerstrasse 1CH-3003 [email protected] + 41 (0)31 324 09 10www.seco-cooperation.ch