Capital projects: Egypt case study. Technical report
This report assesses the US Agency for International Development`s (A.I.D.`s) capital assistance program in Egypt in terms of both its commercial benefits for the United States and its developmental benefits for Egypt. In regard to the first aspect, the study found that few A.I.D.-funded projects or studies generated either participation by other donors or follow-on sales for U.S. companies. The report places much of the blame for this on U.S. firms` failure to take advantage of a clear opportunity to develop the Egyptian commercial market. Findings regarding the developmental benefits of the projects are mixed. (1) The projects helped support strong private sector growth in Egypt through the 1980`s. Nonetheless, their economic and financial rates of return were generally disappointing. (2) The projects were built to a high technical standard, but their sustainability is in doubt. (3) The pursuit of commercial advantage for U.S. firms did not distort the developmental goals of the projects. Overall, the report attributes the disappointing economic results of A.I.D.`s capital assistance program to a poor policy environment, which the reforms pursued in connection with the program did little to change.
- Research Organization:
- Agency for International Development, Washington, DC (United States). Center for Development Information and Evaluation
- OSTI ID:
- 26304
- Report Number(s):
- PB-95-167060/XAB; TRN: 50622379
- Resource Relation:
- Other Information: PBD: Mar 1994
- Country of Publication:
- United States
- Language:
- English
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