The Central Bank of Egypt (CBE) is launching a program titled “Strengthening Financial Coverage, Censorship and Supervision of Banks in Egypt” with the intent of: (1) measuring the extent of financial inclusion in the country; (2) enhancing the level of financial inclusion; (3) “strengthen[ing] the regulatory framework of banking;” and (4) improving financial stability and transparency. The program is part of “Enhancing the Access of Small and Medium Enterprises to Financial Services,” an initiative of the German Federal Ministry for Economic Cooperation and Development, which is also known by its German acronym BMZ. The CBE program has a three-year budget of EUR 3.2 million (USD 3.7 million) provided by BMZ.
By Michelle Fleming, Research Associate
Sources and Additional Resources
Egypt Today article
http://www.egypttoday.com/Article/3/60850/CBE-launches-Enhancing-Financial-Inclusion-program-with-funding-of-€3
Central Bank Egypt homepage
http://www.cbe.org
German Federal Ministry for Economic Cooperation homepage
https://www.bmz.de
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