20 August 2018 10:29 AM

CBE governor to MENA: Economic reform results 'exceed expectations'

Thursday، 12 October 2017 - 01:41 PM

Central Bank of Egypt Governor Tareq Amer said the economic reform results in Egypt are "strong" and "exceed expectations".

In statements to MENA on Thursday on the sidelines of his participation in the Annual Meetings of the World Bank Group and the International Monetary Fund in Washington, Amer said Egypt's economic reform measures were a major shift that dispelled misconceptions that hindered the Egyptian economy for many years.

Egypt's economic reform program is an integrated program, it yields to extraordinary achievements, Amer said, underlining that appetite for foreign investments in Egyptian securities increased to 18 billion dollars in September.

He added that international institutions sought to invest 26 billion dollars in securities issued by Egypt.

Amer also cited international bodies's approval to lend Egypt more than 20 billion dollars.

He stressed that the real economy must take the driver’s seat in all sectors in Egypt.

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