Tarek Amer Heads to Germany to Seek Support for IMF LoanSource: www.export-egypt.com 9/26/2016, Location: Africa |
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 The governor of Egypt's Central Bank, Tarek Amer, arrived in Germany for a three-day visit to discuss the country's support for the deal between Egypt and the International Monetary Fund, state news agency MENA reported.
Egypt reached a staff level agreement in August for a three-year extended fund facility (EEF) programme worth about $12 billion, to be provided over three years. The deal is awaiting the approval of the fund’s executive board. Citing the Egyptian ambassador to Germany, Badr Abdel-Atty, MENA said that Amer will also meet with a number of senior German officials such as the head of the Deutsche Bundesbank in an attempt to strengthen financial and monetary relations between the two countries. Amer’s visit came few weeks after President Abdel-Fattah El-Sisi met with German Chancellor Angela Merkel on the sidelines of the G20 summit in China to discuss bilateral ties and mutual interests between the two nations. |
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