VOL. XLIV

No 50

10-December-2001

EGYPT

Currency Problems And A LaggingEconomy Continue To Stall Egypt Privatization

Following the announcement by theMinistry of Public Enterprise late in September of a list of 49 new companiesto be sold off under the governments 2001-02 privatization program, the paceof privatization in Egypt was initially expected to accelerate. However, thecountrys currency crisis, coupled with an overall economic slowdown exacerbatedby the 11 September attacks on the US, has...