Egypt WEF Makes Progress in Financial Services IndexSource: www.export-egypt.com 1/26/2017, Location: Africa |
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The 2017 World Economic Forum (WEF)’s report showed that Egypt has made remarkable progress in several indexes of non-banking financial services, Chairman of the Egyptian Financial Supervisory Authority (EFSA) Sherif Samy unveiled
said that Egypt took the 33rd place among the list of low-income countries stated in the index of the Financial Intermediation of Real Economy. However, it occupied the eighth position in the sub-index of the initial public offerings for big caps and the eleventh place in the index of projects funding via capital markets. Also, Egypt was ranked fourteenth in the sub index for funding small and medium-sized enterprises . The EFSA seeks to improve the applicable legislation and develop all tools of non-banking financial services to achieve a great leap in the financial inclusion, stressed. |
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