The meetings will take place from October 14 to 17, with the
participation of finance ministers, central bank governors, heads of regulatory
authorities, and representatives of global financial and investment
institutions.
The participation reflects the FRA’s commitment to
maintaining an active presence in key international economic forums and staying
aligned with global financial and regulatory developments. It also contributes
to strengthening the position of Egypt’s non-banking financial sector globally
and supports the government’s efforts to enhance market efficiency and
investment attractiveness.
During his visit to Washington, Dr. Farid will hold a series
of high-level bilateral meetings with senior officials from global financial
institutions and international investment banks. He will also meet finance
ministers and heads of regulatory authorities from various countries. The
discussions will focus on opportunities for cooperation and on the reform and
regulatory initiatives led by the FRA to develop Egypt’s non-banking financial
sector.
The meetings will also include wide-ranging discussions with
business and financial leaders and international investment banks on Egypt’s
promising market opportunities. Talks will address the structural reforms
implemented by the government to improve the investment climate and update
regulatory and legislative frameworks in line with international standards.
These engagements are expected to strengthen communication with the global
investment community and attract long-term investment flows, particularly in
sustainable finance.
The annual meetings of the WB and the IMF represent a key
platform for reviewing global economic conditions and financial and development
policies. They take place amid geopolitical volatility, rising financing costs,
and slower growth in major economies. This year’s meetings hold exceptional
importance as they are being held at a time when the world increasingly needs
more inclusive and sustainable development models that enhance market confidence
and support global financial stability.
Farid affirmed that Egypt’s participation sends a clear
message about the strength and resilience of the Egyptian economy and its
ability to address global challenges. He stated that the FRA aims through its
active participation to highlight the progress achieved in Egypt’s non-banking
financial sector, including advances in financial inclusion, sustainable
finance, and digital transformation.
He added that his bilateral meetings with international financial
institutions provide an opportunity to expand cooperation frameworks, attract
new investments to the Egyptian market, and exchange expertise on best
regulatory and supervisory practices that enhance market efficiency and
stability.
The Financial Regulatory Authority stated that its
participation in the annual meetings of the WB and the IMF aligns with Egypt
Vision 2030, which aims to build a more competitive and sustainable economy
based on diversified sources of growth and financing, private sector
empowerment, and broader financial inclusion.