The Nasser Fellowship for International Leadership organizes a thematic session on “Economics Reforms & Financial Inclusion: The Role of the Central Bank of Egypt”  

The Nasser Fellowship for International Leadership organizes a thematic session on “Economics Reforms & Financial Inclusion: The Role of the Central Bank of Egypt”   
The Nasser Fellowship for International Leadership organizes a thematic session on “Economics Reforms & Financial Inclusion: The Role of the Central Bank of Egypt”   
The Nasser Fellowship for International Leadership organizes a thematic session on “Economics Reforms & Financial Inclusion: The Role of the Central Bank of Egypt”   
The Nasser Fellowship for International Leadership organizes a thematic session on “Economics Reforms & Financial Inclusion: The Role of the Central Bank of Egypt”   

Under the auspices of the President of the Republic

 

The Nasser Fellowship for International Leadership organizes a thematic session on “Economics Reforms & Financial Inclusion: The Role of the Central Bank of Egypt”

 

 

 

The 7th day of the “Nasser International Leadership” Fellowship concluded with a thematic discussion session entitled “Economic Reforms & Financial Inclusion: The Role of the Central Bank of Egypt”. This session was attended by Khaled Bassiouny, Director General of the Financial Inclusion Department at the Central Bank of Egypt, Hassan Ghazali, Coordinator General of the Nasser Fellowship for International Leadership and some officials from the Ministry of Youth and Sports.

 

The Nasser Fellowship for International Leadership Second Cohort -themed “South-South Cooperation”- is organized by the Ministry of Youth and Sports -chaired by Dr Ashraf Sobhi- in cooperation with the National Training Academy, the Egyptian Ministry of Foreign Affairs and other national institutions, under the auspices of His Excellency President of the Arab Republic of Egypt/Abdel Fattah El-Sisi. It is scheduled to last until mid-June 2021. The Nasser Program hosts distinguished young leaders from Asia, Africa and Latin America.

 

Khaled Bassiouny, Director General of the Financial Inclusion Unit at the Central Bank of Egypt, began his speech, at the closing session, by explaining the term “Financial Inclusion”, which refers to the provision of products and financial services that meet the needs of all society segments to facilitate life. He noted that the financial inclusion in Egypt in 2010 had constituted about 10%, in 2014 and 2017, it had reached 14% and 33% respectively, and in 2020, it had amounted to 53.6%. This progress was achieved through working on specific aspects of financial inclusion after carrying out full studies on the different segments of the Egyptian society. The results showed the priority needs of the various groups in society, allowing us to target each group individually and meet its needs, said Bassiouny.

 

The Central Bank of Egypt, through its work, targets women, youth, people with special needs and elders, by operating on the basis of the following lines of action: Financial literacy, Provision of miscellaneous financial services, Technology (as a means of payment), and Establishment of small, medium and micro enterprises, added Bassiouny. He stressed the four financial services that every citizen need: Savings, Loans, Payments and Insurance, and reviewed some models of projects within the Central Bank to meet the needs of all target groups, especially those related to women and youth.

 

At the end of the session, the “Nasser” fellows engaged in a discussion with Khaled Bassiouny, Head of the Financial Inclusion Department, asking him more questions to learn about economic reforms and financial inclusion. They then took several group photos with the guest in an atmosphere filled with immense joy and enthusiasm.

 

The Nasser Fellowship for International Leadership Second Cohort is based on several frame of references, among the first of which is “South-South Cooperation” (which is also the theme of the Nasser Fellowship Second Edition), explained Hassan Ghazali, Coordinator General of the Nasser Fellowship. South-south cooperation refers to the development cooperation among countries in the Global South, in the political, economic, social, cultural, environmental or technical areas. In addition, it is a tool used for exchanging knowledge, experiences, successful initiatives and technologies, to promote trade in Southern countries. This acts as a manifestation of solidarity between the peoples and countries of the South, thus contributes to achieving their national well-being and self-reliance nationally and collectively. This cooperation has contributed to increasing trade and foreign direct investment flow, as well as advancing regional integration among Southern countries. This cooperation can be bilateral, regional or interregional, and it can include two or more developing countries.

 

The “Nasser International Leadership” Fellowship aims to popularize Egypt’s longstanding experience in national institution-building, create a new generation of young transformational leaders -whose vision aligns with the directions of the Egyptian presidency- in various countries, and connect the most influential young leaders through the necessary training, skills enhancement and application of strategic visions, according to Coordinator General of the Fellowship.