CBE Launches Financial Inclusion Strategy 2022-2025

Source: Daily News Egypt

Within the framework of the efforts exerted on a national level to support the economic empowerment of citizens and micro, small, and medium enterprises (MSMEs), and in line with the sustainable development goals (SDGs) and Egypt’s Vision 2030, the Central Bank of Egypt (CBE) formulated the Financial Inclusion Strategy (2022-2025), with the aim of the promotion of financial inclusion and the achievement of economic growth in Egypt.

The Financial Inclusion Strategy was developed on a scientific foundation, based on the results of the financial services demand-side survey, conducted on a nationally representative sample covering individuals, MSMEs (formal and informal sectors) in cooperation with the Central Agency for Public Mobilization and Statistics (CAPMAS), and with the technical support of the European Union (EU) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). This collaboration reflects the CBE’s strategic partnership with various development partners.