The conference was organized by the South Korean Ministry of Economy and Finance and the Korea Export-Import Bank, in cooperation with the African Development Bank (AfDB)
During the meetings, they coordinated and agreed to hold specialized banking forums in Egypt, Tunisia, and Qatar.
The finance ministry will be running an audit on the initiatives to plan a strategy on how to move forward without the CBE’s support, as well as assigning the body that will finance each initiative
Abdalla stated that the IMF deal will undoubtedly help Egypt restore macroeconomic stability and enhance its ability to absorb external shocks
Egypt will also receive $5 billion from international partners and $1 billion from a sustainable fund which will help the country finance its external funding gap