The finance ministry will be running an audit on the initiatives to plan a strategy on how to move forward without the CBE’s support, as well as assigning the body that will finance each initiative
Abdalla stated that the IMF deal will undoubtedly help Egypt restore macroeconomic stability and enhance its ability to absorb external shocks
Egypt will also receive $5 billion from international partners and $1 billion from a sustainable fund which will help the country finance its external funding gap
Prior to his appointment as the acting governor of the CBE, Abdalla stated that he was part of an initiative entitled "Begin," which was focused on the consolidation of industry
The Annual Meetings take place in Washington, D.C., between 10-16 October 2022.