Yvette Babb
Portfolio Manager
Emerging Markets Debt Team

I just returned from Egypt, where we spent a number of days in Cairo discussing the government’s privatization plans as well as the border reform package that is currently in place. These reforms are currently being implemented with the support of the International Monetary Fund (IMF). But our discussions in Cairo focused predominantly on the privatization plans of this government whereby they’re looking to sell as state-owned enterprises to strategic partners. They’ve identified 32 companies in which they are seeking to sell, or at least stakes thereof. And this discussion was particularly relevant to the way in which we view the ability of Egypt to meet its external financing needs over the short to medium term.


March 2023

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