FRA adopts effective policies and strategies to develop the non-banking financial activities. In this respect, FRA strives to create an inclusive non-banking financial sector to promote economic growth and provides financing to achieve sustainable development.
FRA also works towards boosting financial inclusion by economically empowering marginalized groups through facilitating their access to finance. Additionally, FRA supports gender equality and empowering women and youth, alongside stepping up the role of small and medium-sized enterprises (SMEs) by increasing their access to various financial sources.
FRA’s core philosophy is to become a key player in easing access to finance, increase disclosure and transparency, and combat corruption. FRA believes that adopting a national strategy for the non-banking financial sector is crucial for building a sophisticated and open financial sector that is able to contribute effectively to achieve Egypt’s Vision 2030.
In this regard, FRA aims to achieve the following strategic objectives:
- Create a non-banking financial sector promotes economic growth.
- Promote financial inclusion to achieve sustainable development.
- Improve the national economy’s competitiveness to attract foreign investments.
- Strengthen the regulatory framework of the non-banking financial sector by developing the legislative and technological infrastructure to introduce new diversified financial instruments and carry out structural reforms necessary to improve the Egyptian economy.
- Improve governance, create sound management practices and strengthen the institutional framework of the non-banking financial sector.
- Enhance integrity and combat corruption.
- Develop financial markets and introduce innovative financial solutions and services.
- Increase openness of the non-banking financial sector to the global economy.
- Apply sound risk management techniques in order to achieve stability and integrity of the financial sector.
- Raise financial literacy.
