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available from Wikipedia or other free sources online. Egyptian
Regulatory Reform and Development Activity is an Egyptian initiative to
support the government's efforts to build a regulatory management system
to review and streamline business related regulations. The Initiative
was officially launched in 2008 by Ministerial Decree No. 1089/2008,
which stipulated that it operates under the Sub-cabinet Committee for
the Productive Sector. In March 2011, Prime Minister Decision 436/2011
assigned oversight of ERRADA to the Sub-cabinet Committee for Monitoring
Economic Performance, chaired by the Minister of Finance. ERRADA seeks
to contribute to the implementation of reform plans adopted by the
government since 2004 through the review of business related regulations
and issue recommendations to enhance business environment by resolving
the following issues: multiplicity of complex overlapping regulations;
no clarity of valid regulations; absence of a system to identify
implicitly repealed decrees; overlap of authorities issuing regulations;
inconsistency in regulation drafting cycle across ministries; lack of
specific mechanism to study the economic impact of new regulations.
