{"id":599193,"date":"2019-06-20T04:04:34","date_gmt":"2019-06-20T04:04:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/what-african-economic-integration-could-do-for-egypt\/"},"modified":"2019-06-20T04:04:34","modified_gmt":"2019-06-20T04:04:34","slug":"what-african-economic-integration-could-do-for-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/what-african-economic-integration-could-do-for-egypt\/","title":{"rendered":"What African economic integration could do for Egypt"},"content":{"rendered":"

<\/a> Is Tarek Amer calling for an African version of the ECB? <\/b>CBE Governor Tarek Amer spoke on the benefits of African nations further integrating their economies, going so far as to call for a unified monetary policy for the continent. Speaking with CNBC Africa on the sidelines of last week\u2019s African Development Bank Annual Meetings<\/a> in Malabo, Amer said that uniform monetary policy is a key prerequisite to integrating Africa\u2019s economies in addition to unified trade policy standards and guidelines. \u201cWe are working [at the Association of African Central Banks (AACB)] toward a unified central bank and currency, in years to come.\u201d Until this happens, African central bankers can do more to start better coordinating their policy decisions, he noted.<\/p>\n

Central bank independence is still crucial: <\/b>Central banks on the continent still need to be independent in order to set proper foreign exchange systems, an aspect indispensable to successful global trade and international contracting \u201cbecause people want to be paid back in their currency,\u201d he noted.<\/p>\n

You can catch the rest of the interview, where Amer espouses the benefits of trade reform in the continent, here (watch, runtime: 6:18<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

Is Tarek Amer calling for an African version of the ECB? CBE Governor Tarek Amer spoke on the benefits of African nations further integrating their economies, going so far as to call for a unified monetary policy for the continent. Speaking with CNBC Africa on the sidelines of last week\u2019s African Development Bank Annual Meetings […]<\/p>\n","protected":false},"author":1,"featured_media":599194,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9004],"tags":[7098,7097,72,7111,724,2388],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-watching","tag-africa","tag-development","tag-enterpriseam","tag-infrastructure","tag-monetary-policy","tag-worth-watching","wpautop","entry"],"acf":{"mongo_id":"a661f5ce-6b5d-4865-b8a4-f7575d5077b3","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/6\/801.jpg","photo_position":"above","related_issue":[599171],"teaser":"","voice_url":""},"yoast_head":"\nWhat African economic integration could do for Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/what-african-economic-integration-could-do-for-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What African economic integration could do for Egypt\" \/>\n<meta property=\"og:description\" content=\"Is Tarek Amer calling for an African version of the ECB? CBE Governor Tarek Amer spoke on the benefits of African nations further integrating their economies, going so far as to call for a unified monetary policy for the continent. 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IMF Executive Director Hazem El Beblawi scoffed at the notion that the IMF is against the Egyptian treasury increasing its annual tax haul. 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The annual report grades the governors of 94 countries, as well as the European Union, the Eastern Caribbean Central Bank, the Bank of\u2026","rel":"","context":"In "Egypt Politics + Economics"","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546821,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/amer-to-chair-afdb-board-of-governors\/","url_meta":{"origin":599193,"position":2},"title":"Amer to chair AfDB board of governors","author":"enterpriseam admin","date":"30 May 2022","format":false,"excerpt":"The African Development Bank (AfDB) has named CBE head Tarek Amer as the new chairman of its board of governors, succeeding Ghanaian Finance Minister Kenneth Ofori-Atta.","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573511,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/amer-calls-for-huge-imf-world-bank-rescue-package-for-africa\/","url_meta":{"origin":599193,"position":3},"title":"Amer calls for huge IMF, World Bank rescue package for Africa","author":"enterpriseam admin","date":"9 August 2020","format":false,"excerpt":"Amer calls for huge IMF, World Bank rescue package for Africa: Central Bank of Egypt Governor Tarek Amer has called on the IMF and the World Bank to extend more than USD 500 bn in financial assistance to African countries, the local press reports. 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