الهيئة العامة للرقابة المالية

• Dr. Mohamed Farid- FRA Chairman: The signing of the memorandum of understanding signifies a joint effort by the two countries to deepen economic cooperation, specifically facilitating investments in each other’s securities markets

The MoU was signed by the Chairman of the Egyptian Financial Regulatory Authority (FRA) Dr. Mohamed Farid and the Ambassador of Belarus to Cairo Sergei L. Terentiev, in the presence of Prime Minister Mostafa Madbouly and his Belarussian counterpart Roman Golovchenko at the Government Headquarters in the New Administrative Capital . The MoU aims at fostering investor participation in the securities markets.

The MoU aims to lay the foundations for bilateral cooperation between FRA and Ministry of Finance (Belarus) to support and enhance investors’ participation in the Stock Market, Futures Exchange and other related investment product markets. The MoU also aims to establish a mutual assistance system to improve their performance.

The  MoU stipulates the areas of cooperation between the two sides which include: Exchange of information, consultation between the parties, expert exchanges, as well as teaming up on regulations and working together on technical aspects of enforcing laws and creating rules related to issuing stocks, futures contracts, and other investments.  Both countries commit to implementing good corporate governance and environmentally conscious financial policies. This aligns with their shared goal of building a more robust and sustainable economy, ultimately contributing to achieving the United Nations’ Sustainable Development Goals.

Dr. Farid emphasized that the MoU reflects a strong commitment by both Egypt and Belarus to strengthen their economic relationship and collaboration.

It focuses on shared goals related to both Stock Markets, protecting investors, and fostering overall growth in Capital markets of Egypt and Belarus.