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Define a policy document state ownership Also activities in which the state continues to be present at the same size or less, and others in which its presence continues to be of the same size or more.
exposure The Egyptian economy Shocked by capital flight, rising import costs and a shock to the tourism sector caused by the war in Ukraine, the government is in talks on a new loan program with the International Monetary Fund.
The government says it aims to make available $40 billion in state-owned assets to partner with Egyptian private sector or foreign over a period of four years, and increasing the participation of the private sector in the implemented investments from 30 percent currently to 65 percent within three years.
According to the document, the activities that the government intends to exit within three years include cereals, excluding wheat, andCreate ports and stations Water desalination and construction activities except for some public projects.
The areas in which the government intends to maintain its presence include the possibility of reducing it Power plants Pre-primary education, subway management, operation and maintenance, real estate ownership, dairy production, and auxiliary financial intermediation activities.
These include areas in which the state may increase its presence transport infrastructure education, production and raising of drinking water andSuez Canal related activities And some brokerage and insurance activities.
In remarks made to reporters today, he said Governor of the Central Bank of Egypt Tariq Amer said that no agreement was reached on the size of the International Monetary Fund deal, adding, "Egypt took a large share..so it will not be a great value, I mean.
He added: "We take the fund to use it for structural reforms".
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Define a policy document state ownership Also activities in which the state continues to be present at the same size or less, and others in which its presence continues to be of the same size or more.
exposure The Egyptian economy Shocked by capital flight, rising import costs and a shock to the tourism sector caused by the war in Ukraine, the government is in talks on a new loan program with the International Monetary Fund.
The government says it aims to make available $40 billion in state-owned assets to partner with Egyptian private sector or foreign over a period of four years, and increasing the participation of the private sector in the implemented investments from 30 percent currently to 65 percent within three years.
According to the document, the activities that the government intends to exit within three years include cereals, excluding wheat, andCreate ports and stations Water desalination and construction activities except for some public projects.
The areas in which the government intends to maintain its presence include the possibility of reducing it Power plants Pre-primary education, subway management, operation and maintenance, real estate ownership, dairy production, and auxiliary financial intermediation activities.
These include areas in which the state may increase its presence transport infrastructure education, production and raising of drinking water andSuez Canal related activities And some brokerage and insurance activities.
In remarks made to reporters today, he said Governor of the Central Bank of Egypt Tariq Amer said that no agreement had been reached regarding the size of the IMF deal, adding, “Egypt is taking a large share, so it will not be a great value.
He added, “We are taking the fund to benefit from it in structural reforms.”