The Financial Regulatory Authority (FRA) held a coordination meeting with the Central Bank of Egypt (CBE) to discuss mechanisms for strengthening cooperation to raise financial inclusion levels and expand access to financial services, as well as to advance programmes supporting small businesses and the economic empowerment of women.
The meeting reflected growing integration between the state’s fiscal and monetary policies, alongside regulatory and supervisory frameworks, aimed at promoting inclusive and sustainable economic growth.
Discussions focused on enhancing citizens’ access to both banking and non-banking financial services, with particular emphasis on supporting small and micro enterprises through financing tools that ensure business sustainability and position these enterprises as a key driver of economic growth.
Participants also reviewed strategies to advance financial inclusion by integrating financially excluded groups into the formal financial system, ensuring that financial services reach eligible beneficiaries efficiently and equitably.
Women’s economic empowerment featured prominently, with discussions centred on facilitating women entrepreneurs’ access to finance and providing the technical and advisory support needed to establish and scale their businesses.
The meeting further addressed financial awareness and education, highlighting the importance of strengthening efforts to raise awareness of financial rights and promote a culture of saving and safe investment.
Representatives from the FRA and the CBE said the enhanced coordination aims to increase financial inclusion rates, broaden the base of beneficiaries, and strengthen financial awareness and literacy through data exchange, while safeguarding users’ rights, mitigating financial risks, and supporting Egypt’s vision of a digital and inclusive economy.
