World Bank’s IFC to help Egypt monetise state assets

World Bank’s IFC to help Egypt monetise state assets

CAIRO –

The International Finance Corporation (IFC) said on Sunday it would act as the strategic adviser for Egypt’s plans to boost the role of the private sector in the economy.

The IFC said it would advise on the government’s “asset monetisation programme, which will focus on harnessing private capital and know-how to manage state-owned assets.”