Egypt is breathing new life into its long-stalled privatization program, with Cairo targeting $3.6bn in the latest phase of state assets sale during the current financial year ending in June 2025.
These would mark the first such deals since the devaluation of the Egyptian pound in March which unlocked an $8bn bailout loan from the IMF and billions more in funding from other creditors (MEES, 8 March). Cairo in return promised to carry out comprehensive structural reforms long-sought by the international lender (MEES, 22 March), including to energy subsidies (MEES, 13 September). (CONTINUED - 1023 WORDS)
