Egyptian Regulatory Reform and Development Activity (ERRADA) is an Egyptian initiative to support the government’s efforts to build a regulatory management system to review and streamline business related regulations. This reform effort is based on a dialog between public and private institutions and civil society, aimed at increasing economic efficiency, competitiveness and creating more job opportunities.
The Initiative was officially launched in 2008 under the Sub-cabinet Committee for the Productive Sector. In March 2011, HE Prime Minister Dr. Essam Sharaf assigned oversight of ERRADA to the Sub-cabinet Committee for Monitoring Economic Performance, chaired by the Minister of Finance, according to Prime Minister Decision No. 436/2011.
ERRADA seeks to enhance business environment through review of business related regulations and issue recommendations. Through th review ERRADA aims to resolve 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- Absence of a system to identify implicitly repealed decrees.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.