IMF welcomes outcomes of Egypt government IPO program ...Egypt

EGYPT INDEPENDENT - Economy
IMF welcomes outcomes of Egypt government IPO program
source : EGYPT INDEPENDENT ( Egypt ) () 21
The International Monetary Fund‘s spokesperson Julie Kozack welcomed the Egyptian government’s announcement that it had signed contracts to sell stakes in state-owned entities worth US$1.9 billion. Kozack stressed that these measures represent a crucial element in the IMF’s Extended Fund Facility (EFF) program, and are an important step towards supporting and providing resources for external financing and debt reduction. She confirmed during a press conference held at IMF headquarters in Washington that continued work is in place to pave the way for completing the first review of the EFF. This includes the consistent implementation of the state’s strategy on exiting its shares in entities ow

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