Egypt Expects about 4 Privatization Deals in Current Fiscal Year

In line with Egypt's ongoing economic reforms, Finance Minister Ahmed Kouchouk stated on Wednesday that the government expects to complete three to four privatization deals by the end of the current fiscal year, which began earlier this month. 

These privatizations are part of the country’s broader strategy to increase the role of the private sector in the economy, thereby fostering greater economic growth and efficiency.

“The deals will cover various sectors, and we have shared a medium-term strategic plan with international institutions, including the IMF, that includes a clear and visible timeline,” Kouchouk explained.

Egypt is on track to meet the targets set in its $8 billion loan agreement with the International Monetary Fund (IMF), he added.

Speaking at an event in London, Kouchouk emphasized that both Egypt and the IMF are working under expectations to complete the next review of the program in September or October.