CBE governor to chair annual meetings of World Bank Group and IMF in October

CBE governor to chair annual meetings of World Bank Group and IMF in October

The World Bank Group has chosen Tarek Amer, Governor of the Central Bank of Egypt (CBE), to chair the upcoming annual meetings of the World Bank Group and the International Monetary Fund to be held in October, in the presence of central bank governors and finance ministers of the participating countries.

The CBE said in a statement on Thursday that Amer will deliver the opening speech for the meetings, along with the President of the World Bank and the Director of the International Monetary Fund.

He will also chair the Board of Governors of the World Bank, the International Monetary Fund and the European Bank for Reconstruction and Development.

Amer who has more than 40 years of banking experience has been the CBE governor since November 2015.

He held the position of Chairman of the Board of Directors of the National Bank of Egypt between 2008 and 2013.

He implemented a full restructuring plan over a short period from 2008 turning the Bank into one of the largest financial service provider and the most profitable financial institution in Egypt and the MENA region.

He was appointed Deputy Governor of the CBE between 2003 and 2008, during which he contributed to rectifying the banking crisis in 2003.

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