الهيئة العامة للرقابة المالية

• FRA’s participation underscores its commitment to maintain an active presence in key international economic forums, ensuring the Authority stays abreast of global financial and regulatory developments.
• High-level dialogues are set with global financial leaders and investment banks to explore the promising opportunities in the Egyptian market and review the comprehensive structural reforms implemented by Egypt to enhance investment environment.

Dr. Mohamed Farid – FRA Chairman:

• Egypt’s participation broadcasts a clear message regarding the strength and resilience of the Egyptian economy and its strong capacity to navigate global challenges.
• Bilateral meetings with international financial institutions serve as a vital opportunity to expand cooperation frameworks and actively explore new avenues for attracting fresh investments into the Egyptian market.

Dr. Mohamed Farid, FRA Chairman traveled to Washington D.C. to participate in the Annual Meetings of the World Bank Group and the International Monetary Fund (IMF), held from October 14 to 17. Dr. Farid is part of the official Egyptian delegation, which includes Minister of Finance, Mr. Ahmed Kouchouk, alongside other senior economic officials. The meetings bring together finance ministers, central bank governors, heads of regulatory bodies and global financing and investment institutions.

FRA’s participation underscores its commitment to maintain an effective presence in the most important international economic forums and keep pace with global financial and regulatory developments. This engagement is crucial for enhancing the position of Egypt’s Non-Banking Financial Sector (NBFS) on the international stage, supporting the state’s broader efforts to raise market efficiency and significantly boost its attractiveness for investment.

During his visit, Dr. Farid is scheduled to conduct a series of high-level bilateral meetings with senior officials from global financial institutions, international investment banks, as well as finance ministers and heads of regulatory bodies from various countries. The central purpose of these meetings is to discuss future prospects for cooperation and to review the comprehensive reform and regulatory efforts FRA is leading to develop Egypt’s vital Non-Banking Financial Sector.

The bilateral meetings involve extensive discussions with global financial leaders and international investment banks. These dialogues center on promising opportunities in the Egyptian market, the structural reforms implemented by Egypt to enhance investment environment and the development of regulatory and legislative frameworks in line with the latest international standards. These engagements are expected to deepen communication with the global investment community and open new horizons for long-term investment flows, particularly in sustainable finance.

The Annual Meetings of the World Bank and the IMF are a vital platform for discussing the state of the global economy and reviewing financial and developmental policies, especially amid global geopolitical volatility, rising financing costs and a growth slowdown in major economies. This year’s meeting holds exceptional importance because it addresses the urgent global necessity for inclusive and sustainable development models required to rebuild market confidence and support lasting global financial stability.

Dr. Mohamed Farid affirmed that Egypt’s participation broadcasts a clear message about the strength and resilience of the Egyptian economy and its strong ability to confront global challenges. He noted that FRA, through its active presence, aims to highlight the significant developments taking place in Egypt’s Non-Banking Financial Sector (NBFS), including notable progress in financial inclusion, sustainable finance and the digital transformation of financial markets.

He added that the bilateral meetings with international financial institutions present a critical opportunity to expand cooperation frameworks and actively explore strategies to attract new investments to the Egyptian market. Furthermore, these meetings facilitate the crucial exchange of expertise on best regulatory and supervisory practices necessary to support market efficiency and stability.

FRA affirms that its presence at the World Bank and IMF Annual Meetings is fully aligned with Egypt’s Vision 2030. This long-term strategy aims to create a more competitive and sustainable economy anchored by diversifying sources of growth and finance, empowering the private sector and significantly expanding financial inclusion.