Egypt's Sisi discusses monetary policies with CBE governor
Ahram Online, , Wednesday 12 Feb 2020


Egyptian President Abdel-Fattah El-Sisi has said that Egypt should maintain current economic measures to ensure financial stability and improve the country's economic indicators.

In a meeting with Central Bank of Egypt (CBE) governor Tarek Amer and his deputy Gamal Negm on Wednesday, the Egyptian president stressed the necessity of coordination between different state apparatuses to reduce general debt and inflation rates while making sure to ease the burden on the most needy segments of the population.

The CBE governor discussed the developments in the bank's strategy and in the banking sector over the past year, which included supporting initiatives for small and medium enterprises and the services sector, as well as achieving financial inclusiveness policies.

"The CBE seeks to acheive financial and economic goals by maintaining exchange rates, increasing foreign reserves and boosting the trust of the international community in the capabilities of the Egyptian economy," Amer affirmed during the meeting.

The meeting also reviewed the latest work of the specialised committee formed to discuss the situation of thousands of factories, companies and entities that were harmed in the years following the 2011 revolution.

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