The Egyptian government plans to cooperate with the International Finance Corporation (IFC) to hire a global consulting firm to develop a clear strategy for investment in Egypt. The move aims to improve Egypt’s ranking in the Ease of Doing Business index and to increase investment rates by 25% to 30% in the coming years. The document stated that the IFC will prepare an integrated strategy for the IPO program, which will take about four months, starting from June 2023. The IFC is a member of the World Bank Group that provides financing and advisory services to private sector projects in developing countries. The IFC has been active in Egypt since 1956 and has invested over $8 billion in various sectors.
