AFI is the world's leading organization focused on financial inclusion policy and regulation. It empowers policymakers to enhance access to quality financial services for underserved communities through the development, implementation, and global advocacy of sustainable and inclusive policies.

The delegation participated in an in-depth peer learning program at the CBE's headquarters, which focused on "Implementing Effective Financial Literacy Strategies."

The program highlighted Egypt's financial literacy initiatives, which have significantly increased the country's financial inclusion rate to 71.5 percent as of June 2024.

The discussions also emphasized the importance of collaboration among policymakers and key stakeholders in achieving widespread financial awareness and improving financial inclusion across society.

The Mauritanian delegates explored how Egypt integrates financial literacy programs into various segments of society, with particular attention given to empowering women economically.

In this respect, the CBE highlighted its Digital Village Savings and Loan Association project initiative (Tahweesha), which plays a crucial role in financially empowering women.

The delegation also learned how to develop tailored financial education content to reach diverse societal groups.

In addition, the Mauritanian delegation gained insights into the CBE's FinTech strategy, digital financial literacy initiatives, and consumer protection programs to raise awareness about financial rights.

They visited key institutions, including the Nilepreneurs initiative, where they saw firsthand how entrepreneurs and small businesses are supported from ideation to launch.

They also toured the Egyptian Banking Institute, where they learned about financial literacy programs, including the Finlit Hub, a digital platform offering educational content on personal money management.

 In November, the CBE also hosted delegations from Zambia and Eswatini to showcase Egypt's sustainable economic development, emphasizing initiatives in sustainable finance and MSME support and reinforcing collaboration to align with Egypt's Vision 2030 and promote regional economic sustainability.

In related news, The CBE has signed an agreement to join the Pan-African Payment and Settlement System (PAPSS), developed by Afreximbank, to facilitate cross-border transactions in local currencies across Africa, enhance Egypt's economic ties with African nations, boost intra-African trade, and reduce pressure on foreign currency reserves.