Arab Today, arab today egypts financial watchdog gets grant from wb for microfinance
Last Updated : GMT 21:36:15
Arab Today, arab today
Arab Today, arab today

Egypt's financial watchdog gets grant from WB for microfinance

Arab Today, arab today

Arab Today, arab today Egypt's financial watchdog gets grant from WB for microfinance

Egyptian Financial Supervisory Authority (EFSA)
Cairo - MENA

The Egyptian Financial Supervisory Authority (EFSA) got a four- million-dollar grant from the Wold Bank for boosting the legislative and institutional framework of microfinance activities in Egypt, the authority said in a statement on Wednesday.
The grant will be provided by the bank's Mena Transition Fund over four years, the statement said.
Microfinance is the provision of financial services to the poor and low-income clients.
As per the grant, the authority, which is supervising and regulating MF activities in Egypt, will set up an independent unit to supervise MF activities at Non-governmental organizations and develop mechanisms regulating this kind of finance, head of the authority Sherif Sami said after the signing ceremony.
He expressed hope that a currently-being-debated bill regulating microfinance in Egypt would be issued soon to allow for the first time companies to operate in this domain.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today egypts financial watchdog gets grant from wb for microfinance Arab Today, arab today egypts financial watchdog gets grant from wb for microfinance

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today egypts financial watchdog gets grant from wb for microfinance Arab Today, arab today egypts financial watchdog gets grant from wb for microfinance

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday