As part of the Central Bank of Egypt's efforts to promote financial inclusion and support the economic empowerment of all strata of society, the Ministry of Social Solidarity, in cooperation with several banks, will hold the “Diarna” exhibition at the banks' main offices and main buildings. was held. The exhibition gave skilled handicraft exhibitors the opportunity to display and sell their products and artwork. It also provided access to a variety of products and services offered by banks, such as opening economic activity accounts, receiving payments using point of sale (POS), and obtaining credit to meet financing needs.
Approximately 111 exhibitors participated in the second Diarna exhibition in 2023, as part of the annual “Financial Inclusion Event” under the auspices of the Central Bank of Egypt (CBE). The event will enable banks to extend their services and promote their products beyond their branch network, and to reach customers in Egypt's governorates and remote areas where access to financial services providers is limited. It is intended to.
Sherif Rokman, CBE's Deputy Governor for Financial Inclusion, said: “The cooperation with the Ministry of Social Solidarity is an opportunity for cooperation with all government agencies to support the Egyptian state's vision of achieving financial inclusion and financial inclusion. This is in line with CBE's ambition to strengthen the CBE.” Promote economic empowerment of micro, small and medium enterprises (MSMEs). This initiative aims to create more employment opportunities and achieve the sustainable development goals essential to Egypt's Vision 2030. ”
Mervat Sabreen, Assistant to the Minister of Social Solidarity, commented: “The Diaruna exhibition, organized by various banks in 2023, reflects the joint efforts of the Ministry of Social Solidarity and the CBE. It also provides a platform to support the handicraft sector and the workers in this field. This is part of the ministry's efforts to achieve economic development and support financial inclusion. Around 11.5 million 'Meeza' cards have been distributed to cash transfer Takful and Karama program beneficiaries, pensioners and people with disabilities. Issued to people, community leaders. Additionally, the Ministry adopted financial inclusion principles to access loan seekers from productive households and micro-enterprises. ”
The 'Dialna' exhibition held at the bank's premises is part of CBE's efforts to promote financial inclusion. The CBE has issued several regulations to facilitate access to banking services for all customer segments. In particular, the CBE has issued regulations that allow business owners and freelancers to open economic activity accounts using only national IDs, making it difficult for the majority of entrepreneurs and artisans to access formal financial services until now. overcame the barriers that were preventing it.
