Sisi, Amer Discuss Monetary Policies

Sisi, Amer Discuss Monetary Policies

President Abdel-Fattah El-Sisi stressed the necessity of coordination between different state apparatuses to reduce public debt and inflation rates, Invest-Gate reports.

While easing the burden on the neediest segments of the population through social protection networks, Sisi has ordered the maintenance of the current economic measures to ensure financial stability and improve the country’s economic indicators, Presidency Spokesperson said in a statement.

During President’s meeting with Central Bank of Egypt (CBE) Governor Tarek Amer and his Deputy Gamal Negm on February 12, wherein For his part, Amer reviewed the latest measures taken by the CBE in order to achieve economic and financial targets, in addition to encouragement of foreign investments through a stable exchange rate and by increasing foreign reserves. 

Amer also revisited the bank’s strategy of financing small and medium-sized enterprises (SMEs), as well as the latest updates on the operations of the committee assigned with amending the situation of faltering factories and corporates due to the security instability in 2011, in light of Sisi’s directives to support these entities to resume their activities.


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