ERRADA - Egyptian Regulatory Reform and Development Activity

The Egyptian Regulatory Reform Activity (ERRADA) is a national initiative established in 2008. In 2019, ERRADA was endorsed at the highest political level and affiliated to the Egyptian Cabinet by virtue of Prime Minister Decrees No. 998 for year 2019, No.1652 for year 2019, with the supervision of the Ministry of Planning and Economic Development. ERRADA mandate is to reform the Egyptian legislative and regulatory framework in view of enhancing policy making, stimulating businesses, encouraging investment, and establish a dialogue between government and businesses. ERRADA plays a key role in achieving Egypt’s sustainable development goals and Egypt’s vision 2030 and have a direct impact on the economic development and improvement of transparency and efficiency of government institutions in the economic development process. ERRADA agenda revolve around evaluating Egyptian policies and laws transparently and assessing their implementation with evidence, backed up by the views of citizens and stakeholders. It covers all policy areas and aims for targeted regulation that goes no further than required, in order to achieve objectives and bring benefits at minimum cost. ERRADA leads the policy reform in close collaboration with the public and private spheres of the Egyptian economy toward a streamlined, evidence-based policy design and implementation that are consistent, visible, and aligned with international best practices and good governance standards. ERRADA instruments include consultations with affected parties, ex-ante/post regulatory impact assessment of existing and new regulation in order to guarantee better regulations and better reform of the investment climate.