Egypt Sees High Demand from Investors after Currency Drop

[Sarah]

Egypt is seeing good investor appetite for stakes in its state-owned enterprises, the country's planning minister said on Wednesday, as the government pursues partial privatizations to drum up funds after a sharp fall in the value of its currency. Egypt, faced with a currency crunch exacerbated by the war in Ukraine, recently started a $3 billion IMF program that calls for reducing the state's footprint in the economy, liberalizing the exchange rate and rationalizing spending. It includes a goal of raising $2-2.5 billion by mid-year from sales before any initial public offerings on the

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