In its quest to achieve economic empowerment and enhance financial inclusion across all societal segments, the Central Bank of Egypt (CBE) is dedicated to improving women’s access to financial services and products. This commitment is reflected in establishing a supportive regulatory and supervisory framework and launching various initiatives and projects in partnership with ministries, stakeholders, and international bodies. Additionally, the CBE is focused on promoting financial literacy and enhancing the banking sector workforce’s ability to offer financial products tailored to women’s needs, aligning with global best practices.
Since 2019, coinciding with International Women’s Day, the CBE has been organizing the annual ‘Women’s Financial Inclusion” Event, starting on 8 March and continuing until the month’s end. This initiative is part of the CBE’s broader strategy to foster financial literacy among women, encourage their engagement with formal financial services, and underscore the significance of these services in elevating women’s living standards. During this period, banks can operate beyond their branches, setting up public spaces to educate citizens, particularly women, about financial matters and facilitating account openings without administrative fees or minimum balance requirements.
The CBE’s endeavors align with the Sustainable Development Goals and Egypt’s Vision 2030, aiming to empower women through the following pillars economically:
First – Establishing a Conducive Regulatory and Supervisory Environment
Second – Projects and Initiatives include: Digital Saving and Lending Groups Project “Tahwisha,” Decent Life Initiative, The National Project for Development of the Egyptian Family (NPDEF), Women’s Economic and Social Empowerment Program (WESEP), Enhancing Smallholder Farmers’ Livelihoods and Digitization of International Remittances for Egyptians Abroad
Third – Financial Literacy and Capacity Building
Fourth – Notable Advancements in Women’s Financial Inclusion
