VOL. XL

No. 5

3-February-1997

EGYPT

Egypt Outlines Privatization Program For 1997

MEES understands that Egypt's weighting in the InternationalFinance Corporation's (IFC) Global Composite Index should increase from 0.15% presently toaround 0.4% or even 0.5% by the end of January and that Egypt will probably be included inthe IFC's more select Investible Index by mid- 1997. Inclusion in the IFC's indicessignificantly raises the profile of emerging stock markets and puts the country concerned...