Egyptian Foreign Minister Sameh Shoukry told Becky Anderson on Monday that the government had issued a “state ownership policy document” to define “the sectors that will be sold to the private sector to encourage more investment,” in response to a question about the army’s involvement in economic activities.
He added that the International Monetary Fund program supports the Egyptian government’s plans regarding the document.
The International Monetary Fund said last month that global events negatively affected capital flows and caused large losses in reserves, which made Egypt turn to the Fund and the Arab Gulf states for additional financing.
