CAIRO – 25 March 2021: The International Finance Corporation (IFC), a member of the World Bank Group, and the Egyptian FinTech Association announced their partnership to stimulate entrepreneurship in the field of financial technology (FinTech), in order to stimulate the private sector development and economic growth in Egypt. Minister of International Cooperation Rania A. Al-Mashat valued the cooperation between the IFC and the Egyptian FinTech Association, in the framework of strengthening multilateral and bilateral relations between development partners, and the Egyptian FinTech sector stakeholders. She reiterated the Egyptian economy’s opportunity to develop labor market mechanisms in light of the rise of innovators and entrepreneurs in the FinTech sector. The IFC helps the Egyptian FinTech Association to stimulate and advance the FinTech sector by sharing global experiences and supporting knowledge exchange around policy dialogue, in light of the vitality of technological innovations and its role in enhancing financial inclusion. “Strengthening the entrepreneurship ecosystem to support these efforts is a strategic priority for IFC in Egypt.”The IFC is a member of the World Bank Group and is responsible for funding and developing the private sector.

Source: Egypt Today March 25, 2021 08:26 UTC