AFI ( CENTERL BANK OF EGYPT )

Around 120 participants representing AFI member institutions from developing and emerging economies will attend the Financial Inclusion Data (FID) and Global Standards Proportionality (GSP) Working Group Meetings, a four-day event co-hosted by the CBE and AFI. Highlighting the importance of the meetings, CBE Deputy Governor Helal said: “This forum has proven to be a major milestone for the rapidly evolving financial inclusion agenda in Egypt, such as modernizing the infrastructure, improving regulatory frameworks for the financial sector, launching a number of initiatives to finance small, medium and micro- enterprises (MSMEs).

Other recent successes in Egypt include the establishment of the National Council for Payments chaired and the launch of the first national debit card “Meeza”.