Prime Minister Ibrahim Mehleb met with Hernando de Soto, an economist specialized in development and informal economies. De Soto presented economic reform projects he has implemented in several countries, such as integrating informal and formal economies to benefit from both, taking into account different cultures and social conditions.
He also presented a pioneer project to develop shantytowns in Peru in coordination with the residents and the state agencies within a legal framework that restores confidence in the measures taken by the state.
Mehleb asked the Minister of Urban Development and the Governor of Cairo to meet with de Soto and chose a shantytown to start the project there in collaboration with civil society organizations.
Edited translation from Al-Masry Al-Youm
