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Central Bank of Egypt

CBE launches new emergency liquidity program amidst rising inflation rates

Access to the emergency liquidity depends on banks providing sufficient guarantees to pay back the loans

MPC closes final meeting of 2021 by keeping interest rates on hold

The MPC expect global financial conditions to remain accommodative and supportive of economic activity over the medium-term

CBE issues new incentive package and instructions to support SMEs

It includes restructuring credit facilities and loans for SMEs, where banks are to extend the grace period for repayment and reschedule installment due dates according to their affordability

CBE signs protocol to connect customs platform Nafeza and banking system

This would reduce import costs by facilitating customs release times and accurately identifying the parties to the transaction in accordance with the procedures

CBE Governor directs banks to increase financial backing to support companies

The CBE governor also encouraged bank heads to use their power and influence to make decisions that take into account the general interest of the local economy