Al-Sisi directs banks in Egypt to continue local market support

Egypt’s President Abdel Fattah Al-Sisi has directed for the country’s banking system to continue its efforts supporting the local market and financing the development process.

The President’s directives came during a meeting, on Tuesday, with Central Bank of Egypt (CBE) Governor Tarek Amer. The meeting was held in the presence of CBE’s Deputy Governors Gamal Negm and Rami Aboul Naga.

The directives are to ensure the country achieves its desired goals, and support micro-, small-, and medium-sized enterprises ((MSMEs) and those that deal with social protection. The move to focus on these areas will ensure that Egypt can reduce the repercussions of the novel coronavirus (COVID-19) for all citizens.