Egypt's Sisi directs CBE to reduce interest rate on youth loans

MENA , Sunday 17 Feb 2019

CBE Amer
A file photo of Tarek Amer , the governor of Central Bank of Egypt (Photo:Al-Ahram )

Egypt's President Abdel-Fattah El-Sisi wants the interest rate on loans to young people to be reduced to 5 percent, Central Bank of Egypt governor Tarek Amer said on Sunday.

Amer was speaking during the launch of the CBE national initiative to support entrepreneurs and small and medium-sized enterprises under the name of 'Nilepreneurs.'

The CBE is determined to continue economic reforms in cooperation with the government to contribute to development, he said.

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