Egypt's Prime Minister Madbouly leads discussions on the government offerings program.
The current IFC investment portfolio in Egypt amounts to approximately $1.84 billion across multiple sectors, with an additional $26.8 million injected into private sector investments during January 2024
IFC is currently working with Egypt to prepare companies for the second phase of the IPO program, stressing that the institution can invest in the government IPO program and there is no conflict of interest
The IFC’s issuance of bonds in the local currency will benefit Egypt through increasing in IFC’s investment portfolio in Egypt, and the availability of additional sources in foreign currency.
The government selected the International Finance Corporation as its strategic advisor for the government offerings program.
