Cairo: Egypt’s Financial Regulatory Authority (FRA) Chairman, Mohamed Farid, engaged in talks with a joint delegation from the World Bank (WB) and the International Finance Corporation (IFC) to explore avenues for enhanced cooperation under the Joint Capital Market Programme (J-CAP).

According to State Information Service Egypt, the meeting took place on Thursday, 6/3/2025, where Farid reiterated the FRA’s dedication to forming global partnerships and aligning Egypt’s capital market with international standards. He highlighted the significance of expanding financing options, fostering a competitive financial ecosystem, and improving access to capital for entrepreneurs and start-ups.

Farid also introduced Egypt’s first regulated voluntary carbon market, emphasizing its potential to promote corporate sustainability initiatives. He pointed out the necessity for collaboration with the World Bank to increase awareness and encourage corporate participation in carbon trading.

Moreover, Farid emphasized the FRA’s focus on financial technology and digitalisation as pivotal elements in strengthening Egypt’s non-banking financial sector and advancing the country’s financial inclusion strategy.