Egypt’s central bank has won two won two of the five AFI Global Alliance for Financial Inclusion Awards, on the sidelines of AFI’s 13th annual conference in the Philippines.
The Central Bank of Egypt (CBE) has won the Global Youth Financial Inclusion Award and the Technical Leadership Award in the Arab region, in recognition of its outstanding contributions for promoting financial inclusion and supporting economic empowerment for individuals and businesses. The CBE was also honoured for reaching the final qualifier stage of the Maya Declaration Commitments Award, which was awarded for demonstrating commitment to financial inclusion.
Awarding the CBE for the fourth consecutive year comes as a result of the significant support provided by various state institutions concerned with financial inclusion as well as the fruitful collaboration with all stakeholders on both international and local levels. Such collaborations had a remarkable impact on achieving recognised results and reflected the magnitude of the efforts exerted to support Egypt’s Vision 2030, particularly with the provision of digital financial and banking services to all segments of society, which will positively affect financial inclusion rates.
For the first award, the Global Youth Financial Inclusion Award, the bank was commended for its achievements in promoting financial inclusion for the youth category that makes up over 50 percent of the financial inclusion target population in Egypt.
