Cairo - Mubasher: President of Egypt Abd Elfattah El-Sisi has met with governor of the Central Bank of Egypt (CBE) Tarek Amer on Sunday.
The president has stressed the need to continue all measures that would help improve economic indicators and enhance monetary stability.
El-Sisi has also affirmed the significance of providing necessary funding for social welfare programmes, as well as supporting small businesses, according to an official statement by the Egyptian Presidency.
Meanwhile, Amer has briefed the president on the current economic situation and the development of stock exchange.
The governor highlighted the rise of the balance of payments surplus in the first quarter of fiscal year 2017/2018 on the back of slashing imports and the hike of remittances from Egyptians abroad and foreign direct investment (FDI).
The decline inflation rates, and the rise of international reserves were also noted by the governor, who pointed that the International Monetary Fund (IMF) will soon decide on the third tranche of its financing package to Egypt.
Amer also viewed the efforts to support small and medium enterprises (SMEs) across the country, noting that banks have been guided to allocate 20% of its portfolios to financing small businesses.
