Egypt able to overcome all challenges thanks to economic reform program: CBE Governor – Egypt Today

Egypt able to overcome all challenges thanks to economic reform program: CBE Governor – Egypt Today

cairo - 16 June 2022: The Egyptian state is able to overcome challenges thanks to economic reform programmes, according to Governor of the Central Bank of Egypt (cbe), Tarek Amer. Amer elaborated that the monetary policy officials in African countries need to take bold and decisive decisions to confront the emerging and successive challenges, confront inflation and provide job opportunities. This came during his speech at the 29th annual meeting of the African export-import bank (Afreximbank) held in the administrative capital in Egypt. The Governor of the CBE added that the turmoil the world is currently witnessing puts difficulty on the shoulders of the monetary and financial authorities in African countries. Amer stressed that the Egyptian banking sector continues to support the economy by providing the liquidity that all sectors need, pointing out that its role was not limited to that only, but rather supports the state in various aspects, and the evidence for this is the sector’s provision of about 250 martyrs during the Corona pandemic. “Successive global events have burdened the economies of African countries, which are already suffering from many problems,” Amer stated. He indicated that the whole world is following with great interest, especially the financial