World Bank Backs Egypt's Financial Reforms

Some USD500 million in World Bank financing will be made available to Egypt to back the implementation of the country’s second-generation financial sector reforms.

The reforms seek to create an environment conducive to financial intermediation and help the bank and non-bank financial sector improve access to finance services of rural low-income groups and micro, small and medium-sized enterprises.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.