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Hassan Abdalla

CBE Governor attends Korea-Africa Economic Cooperation conference

The conference was organized by the South Korean Ministry of Economy and Finance and the Korea Export-Import Bank, in cooperation with the African Development Bank (AfDB)

Governor of CBE bank participates in Algeria’s Bank Governors meeting

During the meetings, they coordinated and agreed to hold specialized banking forums in Egypt, Tunisia, and Qatar.

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