The International Monetary Fund (IMF) expects Egypt to attract approximately three billion dollars from the sale of state-owned stakes in some assets during the current fiscal year 2025/2026 which began in July, compared to approximately US$600 million expected from asset sales in the fiscal year ended in June.
According to a report issued by the IMF on Egypt on Tuesday, Egypt will attract approximately $2.1 billion from asset sales during the next fiscal year 2026/2027, a target higher than the estimates included in the third review, to offset the deficit in the fiscal years 2023/2024 and 2024/2025.
The Finance Ministry revealed in its previously issued financial position report that Egypt aims to attract approximately four to five billion dollars during the current fiscal year from the sale of state-owned stakes in 11 companies.
The IMF explained that Egypt will continue its strategy of divesting from investments in favor of the private sector to secure foreign exchange, but with a more comprehensive financing structure.
During 2023/2024, Egypt divested approximately two billion dollars from some of its stakes in assets which is less than planned, according to the IMF.
