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Hassan Abdalla

CBE relinquishes management of low-interest rate initiatives to Finance Ministry

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

IMF deal to support economic stability and ability to absorb external shocks | CBE Gov.

Abdalla stated that the IMF deal will undoubtedly help Egypt restore macroeconomic stability and enhance its ability to absorb external shocks

Egypt finalizes agreement with IMF for $3B to run over 46 months

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

CBE Gov. emphasizes importance of accelerating efforts to advance industrial sector

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

CBE governor chairs plenary session of IMF, World Bank Group boards of governors

The Annual Meetings take place in Washington, D.C., between 10-16 October 2022.