Latest: Corruption and Money Laundering.

Economy, general budget are victims of corruption. (MENAFN - Daily News Egypt) Corruption and bureaucracy are two main issues that have plagued state bodies over the past three decades. When President Abdel Fattah Al-Sisi came to power, he vowed to fight these two problems. He announced a national plan under former prime minister Ibrahim Mehleb's government called the "National Plan for Fighting Corruption" that was promised to crackdown on corruption practices. The plan pointed to bureaucracy as a source of corruption in every institution. Al-Sisi declared in his latest interview that this plan succeeded in fighting corruption and the state earned EGP 300bn as a result of these actions. The Business Anti-Corruption Portal (BACP), a source referred to by the United Nations, the Organisation for Economic Co-operation and Development (OECD), the World Bank, the International Finance Corporation (IFC), and Transparency International, refers to the Egyptian corruption situation as a problem. In a report issued in March, the BACP mentions corruption as an obstacle for businesses in Egypt. The report lists bribery, embezzlement, extortion, and tampering with official documents among the forms of corruption encountered. Readmore: