The Egyptian government is hoping to raise $1bn in 2024 and $1.5bn in 2025 from the sale of state-owned assets under its long-stalled privatization program, Planning Minister Hala el-Said told Bloomberg’s Asharq Business on the sidelines of the 15-20 April Spring Meetings of the IMF and World Bank in Washington DC.
The new figures mark a sharp drop from the $6.5bn 2024 target initially announced by Finance Minister Mohamed Maait in February (MEES, 16 February), which he later revised down to $5bn (MEES, 15 March). (CONTINUED - 813 WORDS)
