CAIRO - 8 March 2021: Minister of Planning and Economic Development Hala El Said stated Sunday that t the percentage of women’s representation on bank boards reached 12% in 2019 compared to about 10% in 2018. The minister added that the percentage of women who owned bank accounts reached 27% according to the latest government studies after it was only 14% in 2014. “Egyptian women also received 51% of the total loans directed to micro-businesses, and the percentage of women who defaulted on loan payments did not exceed 1%,” El-Said noted. El-Said explained that the national strategy for the empowerment of women 2030 aims to address the factors affecting the economic empowerment of women, as it identified several key quantitative indicators to measure the extent of progress achieved in the field of economic empowerment of women. El-Said also pointed out that the issue of women's economic empowerment is pivotal in Egypt's Vision 2030, and in the developmental direction of the state.

Source: Egypt Today March 08, 2021 12:33 UTC