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Central Bank of Egypt Governor Calls on AfDB to Launch Debt Refinancing Platforms for African Countries

He stressed the importance of benefiting from the strong credit rating of the AfDB

Governor of the Central Bank of Egypt (CBE) Hassan Abdalla has called on the African Development Bank (AfDB) to launch debt refinancing platforms for African countries to help them face current global risks, Al-Ahram Gate reported on May 27th.

He stressed the importance of benefiting from the strong credit rating of the AfDB in obtaining low-interest funding to refinance the African governments and institutions, with the aim of achieving financial security.

Abdalla’s remarks came during the AfDB’s Annual Meetings of the Board of Governors in Sharm El Sheikh which were concluded on May 26th.

Source: ZAWYA

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