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Egypt sees $200bn cash inflows in 4 yrs – CBE governor

Egypt sees $200bn cash inflows in 4 yrs – CBE governor
Cash inflows have significantly recovered from previously low levels

By: Islam Fadl

Cairo – Mubasher: Foreign cash inflows in Egypt amounted to $200 billion during the last four years, the Central Bank of Egypt’s (CBE) governor Tarek Amer revealed.

Cash inflows have significantly recovered from previously low levels during the first few years in 2010s, Amer noted on the sideline of the annual Arab Banking Conference on Sunday.

The CBE governor stressed on the importance of building major infrastructure projects such as the $15 billion electricity network, noting that infrastructure is a key ingredient for sustainable development.