STRENGTHENING POLICIES AND REGULATIONS TOWARDS PROMOTING RESPONSIBLE FINANCIAL INCLUSION IN EGYPT (WB-P157526)

Countries
  • Egypt
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Canceled
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Ministry of International Cooperation - Egypt
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 3.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 3, 2017

Disclosed by Bank Oct 21, 2015


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Project Description
This project was intended to fund the strengthening of policies and regulations that promote responsible financial inclusion in Egypt. The project would have specifically promoted financial consumer protections.
Investment Description
  • World Bank (WB)
The Country Partnership Framework is providing full financing for the project.
Contact Information
World Bank Contact: Laurent Gonnet Title: Sr Financial Sector Spec. Tel: 473-6123 Email: lgonnet@worldbank.org Contact: Ghada Ahmed Waheed Ismail Title: Financial Specialist Tel: 20-10-2666-2 Email: gismail@worldbank.org Borrower/Client/Recipient Name: Government of Egypt, Ministry of International Cooperation Contact: Mohamed Hammam Title: Assistant to the Minister on International Organizations Tel: 20223912815 Email: mhammam@mic.gov.eg Implementing Agencies Name: The Central Bank of Egypt Contact: Gamal Negm Title: Deputy Governor Tel: 002022770270 Email: gamal.negm@cbe.org.eg ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.