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He managed 4 major files efficiently: Fahmy - Daily News Egypt

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He managed 4 major files efficiently: Fahmy

Amer is a nationalist capable of making bold decisions without fear, says Fahmy

According to the Chairperson of the Board of Directors of the Industrial Development & Workers Bank (IDBE) Maged Fahmy, Tarek Amer, governor of the Central Bank of Egypt (CBE), succeeded, during his first two years in that position, in managing four important files efficiently, which enabled him to obtain the best central bank governor award.

He explained that the first the file of monetary policy, which falls under the management of the exchange market and the fight against inflation, pointing out that by the testimony of all international financial sentiment, Amer succeeded in managing this issue.

According to Fahmy, the second is the foreign exchange reserves file, that reached high levels of concern after January 2011, in which Amer succeeded at reaching the highest performance ever.

The third file has to do with supporting important economic sectors in the country, including tourism and small and medium-sized enterprises (SMEs), pointing out that the initiatives launched by Amer contributed greatly to supporting these sectors.

The fourth file, according to Fahmy, is the file of managing the banking system. In this regard, Amer finished what he started as deputy governor of the CBE, when he contributed to the development of the economic reform programme.

“Amer is very interested in the safety of the Egyptian banking system and manages changes to it dynamically and professionally, and he is credited with preparing a new banking law that is expected to come to light soon,” said Fahmy.

He stressed that Amer must, at the least, be described as a nationalist man capable of making decisions without fear or hesitation. Fahmy pointed out that the positions Tarek held before his leading the central bank attest to this, whether as deputy governor of the central bank or chairperson of the National Bank of Egypt (NBE).

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