Dr. Mohamed Farid, Chairman of the FRA, emphasized that this program is part of the authority's mission to boost non-banking financial literacy among young people. He highlighted that the CFAT program is a key tool for developing youth leaders who can spread financial awareness throughout society, particularly in youth centers across Egypt.
Farid noted that previous sessions have already created a
generation of young trainers who are now sharing their knowledge with their
peers. This effort supports the government's goals of achieving financial
inclusion and economic stability.
Minister of Youth and Sports Dr. Ashraf Sobhy praised the
productive collaboration with the FRA. He reaffirmed the ministry's commitment
to supporting these initiatives and bringing them to youth centers and
financial awareness clubs. This, he said, helps empower young people and expand
their understanding of non-banking financial activities.
The participants, members of the Senate Simulation Model,
expressed their gratitude to both the FRA and the ministry for providing such
valuable training opportunities. They confirmed that these initiatives help
hone their skills and strengthen their role in community service.
The program's seventh session covered several key topics, including: personal finance, the capital market, insurance, mortgage finance, financial leasing, factoring, consumer finance, movable guarantees, sustainable finance, and financing for micro, small, and medium-sized enterprises.