CBE chief: Egyptian economy improved after applying reform
Wednesday، 08 August 2018 - 12:50 PM
Economic conditions in Egypt have very much improved over the past three years after applying the comprehensive economic reforms, said Governor of the Central Bank of Egypt (CBE) Tarek Amer on Wednesday 8/8/2018.
Addressing meetings of the Association of African Central Banks, now in session here, he added that President Abdel Fattah El Sisi has made that necessary decision of reform after many years of bad economic performance.
Now, after three years of reform the main economic indicators have achieved progress, he pointed out.
Egypt along with other African countries are confronting difficult challenges that are related to political and economic instability at the regional and international levels, he explained.
Such regional and international situation had adversely affected the national economies of African countries and required a firm stand on this score, he added.