Government should be focusing on attracting FDI to get out of debt trap

Foreign direct investment is the key to getting Egypt out of its debt trap, Mahmoud Al-Alayli writes for Al Masry Al Youm. Tapping global debt markets was inevitable as the government implemented austerity measures and economic reforms, but now attracting FDI should be the way we look to end the vicious cycle of borrowing. FDI will not come through government conventions or exhibitions, but by making Egypt genuinely investor-friendly. This is not impossible, Al-Alayli writes, but requires laws and policies that fully embrace free market principles to allow industries to thrive.