PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

608153

Primary Business Area

Transaction Advisory

Disclosure Date

Nov 21, 2023

Country

Egypt, Arab Republic of

Region

Africa

IFC Approval Date

Jun 16, 2023

Status

Completed

Estimated Total Budget

Estimated Total Budget Pending
(Project budget includes all project-funded activities)

Last Updated Date

Oct 26, 2024

Project Estimated Start Date

Jun 16, 2023

Project Estimated End Date

Project Estimated End Date Pending

Project Description

GoE intends to implement a comprehensive monetization program to inject new capital into the Egyptian economy, reduce the debt burden on the state budget, and attract new foreign investment and private expertise in the management of currently state-owned assets. GoE engaged IFC as a Strategic Advisor primarily to (i) develop a strategic implementation plan for the monetization program, including the prioritization and categorization of the list of state-owned enterprises and identification of the most appropriate monetization model for each state owned enterprise, and (ii) recommend a potential sale process for each selected asset under the program.

Development Results

E&S Risks / Impacts and Mitigation