#state ownership
The International Finance Corporation (IFC) was appointed as Egypt's strategic advisor for its Asset Monetization Program, as announced by the IFC’s Managing Director Makhtar Diop on 19 June 19. The monetization of state assets refers to the process of generating revenue by selling, leasing, or otherwise commercializing assets owned by the government or state entities. The IFC's involvement is part of Egypt's broader plan to enhance the role of the private sector in its economy. In February 2023, the Egyptian…
