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CBE Governor: Sisi Directs to Reduce Interest Rate on Youth Loans

Source: www.export-egypt.com 2/17/2019, Location: Africa

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President Abdel Fattah El Sisi wants the interest rate on loans to youth to be reduced to 5 percent, Central Bank of Egypt Governor Tarek Amer said.

He 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 reform in cooperation with the government to contribute to development, he said.

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