CBE Governor: Egypt Sends Clear Message to World about Openness to Investments

The International Finance Corporation (IFC) is cooperating with the Egyptian government to enhance private sector participation in the economy in a way that enhances competitiveness, creates job opportunities, and improves living standards for Egyptians, according to a press release issued by the institution.

“The offering program for state-owned companies is one of the most important requirements for economic development in Egypt,” said Hassan Abdallah, governor of the Central Bank of Egypt (CBE).

The governor stressed that the CBE contributes effectively to the joint efforts made by the various stakeholders, with the aim of sending a clear message to the world that Egypt is open to investments.

Mostafa Madbouly, Prime Minister, said: The selection of the IFC as a strategic advisor to the government for the offering program enhances the benefit from its accumulated experience in empowering the private sector in emerging markets, as the corporation plays a vital role based on its extensive global experience in this field.