Despite foreign investments and government efforts, local investors are not encouraged due to high taxes and lack of a supportive environment. The conversation critiques the government's approach to taxation and its impact on different sectors, emphasizing that while the government continues to increase taxes on salaried individuals and certain sectors, it fails to address underlying issues like inefficiency and lack of long-term planning. The podcast underscores the importance of creating a favorable investment climate through respect, attention, and capital, rather than relying solely on foreign aid and IMF support.
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