Egypt selects World Bank advisory IFC as strategic IPO consultant

Egypt selects World Bank advisory IFC as strategic IPO consultant

Egypt has announced a five-year partnership with the International Finance Corporation (IFC), a global financial advisory group and member of the World Bank Group.

The IFC – which offers advisory, investments, and loans to developing countries in order to foster economic growth – will act as a strategic advisor to Egypt under the new deal.

The IFC will offer technical assistance to support the government’s privatization program. This includes helping to restructure selected companies that will be part of the initial public offerings (IPOs). The aim is to make these companies more appealing to potential investors.