Home MoneyBanks Sisi directs Egypt’s c.bank to reduce interest rate on youth loans

Sisi directs Egypt’s c.bank to reduce interest rate on youth loans

by Amwal Al Ghad English
Egypt’s central bank governor Tarek Amer

Egypt’s President Abdel-Fattah El-Sisi wants the interest rate on loans to young people to be reduced to 5 percent, Central Bank of Egypt governor Tarek Amer said on Sunday.

Amer was speaking during the launch of the CBE national initiative to support entrepreneurs and small and medium-sized enterprises under the name of ‘Nilepreneurs.’

The CBE is determined to continue economic reforms in cooperation with the government to contribute to development, he said.

Source: MENA

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