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Statement of Reporter
- Author
- Egypt’s law 43 adopted in 1974 provided considerable encouragement in the form of a 5 to 8 year complete income tax holiday and freedom from customs duties and numerous other charges. However under law 43 investment capital had to be introduced into Egypt at the official rate of exchange which was $2.50 per Egyptian pound whereas the free market rate was about $1.30. Although the problem could have been overcome in many cases by the foreign investor through bringing into Egypt only assets in kind, such as machinery and materials, and by borrowing locally to meet all working capital requirements, the exchange control rules must have provided some deterrent
- See Brockman
- See Jahangir Amuzegar
- The developing countries other than the oil exporters, owed at the end of 1976 in the neighborhood of 180 billion to foreign governments, commercial banks and international lending institutions. Of
- Publication venue
- 'Springer Science and Business Media LLC'
- Publication date
- 01/01/1979
- Field of study
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