A revamped plan that would give lower-income Egyptians a chance at owning stocks was met Tuesday with a measure of skepticism by some commentators who view it as a back-channel attempt by the government to muster support for an unpopular privatization program.
The new program, outlined by the ruling National Democratic Party, would give some 40 million Egyptians over the age of 21 coupons to be exchanged for shares in state-owned enterprises slated for privatization. Officials said the program was aimed at achieving greater social and economic equality.
But in a country where previous privatization bids have been marred by claims of corruption and nepotism …
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