Egyptian President Abdel-Fattah El-Sisi ordered on Saturday a continued implementation of measures to improve economic indicators and maintain monetary stability especially amid efforts to contain the economic fallout of the coronavirus pandemic.
Presidency spokesman Bassam Rady said El-Sisi held a meeting with Prime Minister Mostafa Madbouly and CBE Governor Tarek Amer.
The meeting saw discussions on efforts exerted by the CBE in the banking and monetary systems.
Amer previewed the central bank’s initiatives to support the economy to help face the pandemic’s repercussions.
The initiative aims to back several companies in various sectors to overcome the conditions posed by the pandemic and maintain its financial solvency, employment and supply the needs of the governmental sector to finance the development process.
The CBE governor also previewed efforts by the banking sector in economic development, the governance of the sector’s performance and the enhancement of services provided by citizens through electronic payments.