Egypt is vitally important for expansion in emerging markets: Citibank

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Citi sees Egypt as a very important and critical country among emerging markets, Rizwan Shaikh, Head of the EMEA Emerging Markets Corporate Banking at Citi has told Daily News Egypt.

Shaikh also said that, as a result, the bank is looking to invest to grow its business in the Egyptian market.

He noted that there is a lot of confidence in how Egypt’s government has managed economic, monetary, and fiscal policies through the novel coronavirus (ba-19) crisis. This confidence is reflected in the investor behavior, he added.

Meanwhile, Mohamed Abdel Kader, Citi Country Officer in Egypt, praised the role that the Central Bank of Egypt (CBE) has played during the COVID-19 crisis. He said that the Egyptian Government and the CBE have been carefully undertaking all efforts to keep the momentum of growth going in the country.

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