الهيئة العامة للرقابة المالية

• Both parties pledged to finalize capacity-building conference aimed at strengthening the financial capacities of Egypt’s governorates to support socioeconomic development goals.
• Mohamed Farid emphasized the importance of the strategic partnership with the Ministry of Local Development to boost financial literacy, investment, savings, insurance and entrepreneurial funding.
• Manal Awad, Minister of Local Development, expressed full support for the capacity-building conference aimed at empowering Egyptian governorates with financial, insurance, and investment solutions to foster individual and business growth.

 Dr. Manal Awad – Minister of Local Development holds a meeting with Dr. Mohamed Farid – FRA Chairman at the Ministry’s headquarters in the new administrative capital.

Dr. Mohamed Farid, FRA Chairman congratulates Dr. Manal Awad on her appointment as Egypt’s first female Minister of Local Development. He expresses his confidence in the Ministry’s ability to serve all Egyptian citizens and wished the Minister success in her critical role. Dr. Mohamed Abdelaziz, Assistant to FRA Chairman and Mohamed Ayyad, FRA Media Center Director attend the meeting.

The meeting explores avenues for collaboration between the Ministry and the Authority to align efforts with national development goals. Both parties pledge to finalize capacity-building conference aimed at strengthening the financial capacities of Egypt’s governorates. Notably, FRA has successfully piloted this initiative in Damietta Governorate in collaboration with Dr. Manal Awad who was the governor at that time. The conference was well received by businesses, individuals, and university students alike. They gained a comprehensive understanding of non-bank financial services, their economic impact, personal benefits and accessibility options.

Dr. Manal Awad, Minister of Local Development, emphasizes the importance of strategic partnerships with both public and private sectors to advance national economic and social development goals. She highlights FRA’s first capacity-building conference as a crucial step in empowering Egypt’s governorates.

The Minister pledges the Ministry’s full support for the capacity-building conference, aiming to equip Egyptian governorates with essential financial, insurance, and investment knowledge to drive individual and business growth.

Dr. Mohamed Farid, FRA Chairman emphasizes the strategic importance of collaborating with the Ministry of Local Development to enhance public awareness of non-bank financial products and services. This partnership aims to empower individuals through investment, savings, insurance, and accessible entrepreneurial financing. It is worth mentioning that such conferences offer a valuable platform for direct interaction between citizens and non-bank financial institutions. By understanding local needs, businesses can tailor their products accordingly, fostering financial inclusion and economic growth. These events contribute to widespread financial awareness and facilitate access to suitable funding for individuals and businesses alike, ultimately improving overall quality of life.