The National Council for Women and the Central Bank signed on Wednesday the first memorandum of understanding which aims at boosting cooperation between both sides in the field of empowering Egyptian women economically and financially, to provide equal opportunities that enable them to have productive and effective roles in society.
The agreement also aims at offering women a guarantied income which they can use to live in a higher life standard, invest, or save.
According to the memorandum of understanding, the National Council for Women will create groups of women under the name of ‘the facilitators’ who will be trained on spreading financial culture and marketing for banking products through direct contact with women.
The groups will also conduct surveys on the needs of women in the field of financial services.
Moreover, a group of rural facilitators will be chosen as bank representatives and will be considered as links between women and banks in order to facilitate banking procedures.
The Council and the Central Bank will also hold meetings to communicate with female CEOs and directors of corporations to offer banking services and products.
The Central Bank will also work on encouraging women to deal with the banking sector by setting a legislative and monitoring environment, as well as incentive policies.
The Bank will also provide a strong infrastructure through direct payments to promote for the usage of digital financial services in an easy and affordable way.
The Bank will also exert the necessary efforts in order to make women a main axis in all initiatives issued by the bank which aim at bolstering financial comprehensiveness.