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FRA explores boosting MSME financing

FRA explores boosting MSME financing

ArabFinance: The Financial Regulatory Authority and its advisory committee for micro, small, and medium enterprises (MSMEs) are exploring boosting MSME financing, Daily News reported on April 27th.

The FRA is working on developing funding mechanisms for MSMEs and ways to overcome obstacles

New mechanism considered to allow agency, partnership agreements between micro-enterprises, banks.

Supporting such enterprises financially will take place in line with the goals of economic development and social justice in accordance with Egypt Vision 2030.

The FRA is also working on developing incentives for financing agencies to encourage them to continue increasing providing financing services in geographical locations, especially in rural areas, where financial services outlets are scarce.

 

 

 

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