Tarek Amer named Central Bank Governor of the Year by IMF’s, World Bank’s GlobalMarkets

Mohamed Samir
1 Min Read

Tarek Amer, Central Bank of Egypt (CBE) governor, was selected as the “Central Bank Governor of the Year” for the Middle East and North Africa (MENA) 2017 by GlobalMarkets, the newspaper for the International Monetary Fund (IMF) and the World Bank, according to the official letter sent to Amer.

The letter, which was written by GlobalMarkets managing editor Toby Fildes, indicates that Amer was chosen due to his role as the leading architect behind Egypt’s IMF programme, as well as his role in reforming Egypt’s foreign currency exchange system and restoring international investors’ confidence in the economy.

Moreover, according to the newspaper, Amer’s commitment to maintaining a strict monetary policy, as well as his excellent and timely communication with the market, in addition to macro-prudential regulation, has enhanced the reform programme.

The CBE’s governor is scheduled to receive the award in a ceremony that will be held 14 October in Washington DC.

Egypt was able to secure the IMF’s $12bn loan in November 2016 after long negotiations, after the authorities decided to adopt the ambitious economic reform programme, which included the introduction of the VAT, the flotation of the currency, and subsidy cuts.

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Mohamed Samir Khedr is an economic and political journalist, analyst, and editor specializing in geopolitical conflicts in the Middle East, Africa, and the Eastern Mediterranean. For the past decade, he has covered Egypt's and the MENA region's financial, business, and geopolitical updates. Currently, he is the Executive Editor of the Daily News Egypt, where he leads a team of journalists in producing high-quality, in-depth reporting and analysis on the region's most pressing issues. His work has been featured in leading international publications. Samir is a highly respected expert on the Middle East and Africa, and his insights are regularly sought by policymakers, academics, and business leaders. He is a passionate advocate for independent journalism and a strong believer in the power of storytelling to inform and inspire. Twitter: https://twitter.com/Moh_S_Khedr LinkedIn: https://www.linkedin.com/in/mohamed-samir-khedr/
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