Arab Finance: Egypt has signed a five-year agreement with the World Bank’s International Finance Corporation (IFC) to act as its strategic advisor to the state’s initial public offering (IPO) program, according to a statement on June 18^th.

Prime Minister Mostafa Madbouly noted that the IFC will be able to promote Egypt’s assets abroad.

As per the agreement, the IFC will provide the required technical support and advisory to the IPO program and will assist in restructuring the companies targeted to be offered for the private sector as well as boosting the companies’ governance, which would ramp up capital inflows and back the country’s economic recovery plans.

IFC starts execution phase of Egypt’s IPO program Updated 5/14/2024 7:37:00 AM

IFC’s investments in Egypt hit $9B Updated 5/13/2024 7:18:00 AM

Banque du Caire pens $100M deal with IFC to support MSMEs, trade Updated 5/12/2024 2:07:00 PM

IFC pledges $1B financing to Egyptian private sector in 2024 Updated 5/12/2024 11:08:00 AM

IFC’s Sérgio Pimenta to discuss Egypt’s private sector boost in Cairo visit Updated 5/9/2024 11:04:00 PM