Prime Minister Mostafa Madbouly on Sunday inaugurated the 43rd session of the Arab Central Banks Governors and Arab Monetary Associations with the participation of more than 200 Arab bankers, central banks’ governors, ministers, economic experts and officials of the Arab Monetary Fund.
Egypt expects its economy to grow by an annual rate of 8% by 2022 as the government improves the investment climate, PM Madbouly told the meeting of Arab central bank governors..
Madbouly told the central bank governors that the government wanted to “alter the face of private investment to spur growth.”
This includes “continued efforts to improve the business climate, especially by simplifying and lowering the cost of -forming companies and expanding new investment zones,” he said.
Governor of the Central Bank of Egypt (CBE) Tarek Amer, Governor of the Central Bank of Jordan and chief of the Arab Central Banks Council for the current round Ziad Fariz in addition to Director General of the Arab Monetary Fund and Chairman of the Board of the Arab Monetary Fund (AMF) Abdulrahman Al Hamidy address the session.
The agenda also includes discussing recommendations and actions of the Regional Working Group to promote financial inclusion in the Arab states and the Financial Stability Task Force.