Central Banker Who Helped Stabilize Egypt Economy Gets New Term

(Bloomberg) — Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterEgypt’s parliament confirmed central bank Governor Tarek Amer will hold the role until 2023, a vote of confidence in the man who steered the North African nation through a dramatic currency devaluation that restored economic stability.The granting of a new four-year term, backed Thursday by a majority of lawmakers in the assembly, comes as the country reaches the end of a sweeping three-year International Monetary Fund-backed reform program and mulls the shape of any future agreement with the Washington-based institution.Amer’s reappointment will be “welcomed by investors …read more

Source:: Yahoo Finance

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