Egypt Programs - Overview

Key FSVC Indicators for Egypt from 2003-2014: 

       164    3,791      26,925
Projects Completed People Impacted Pro-Bono Hours

Increasing Access to Finance for Small Businesses (2011 – Present) 

Since 2011, FSVC has worked to strengthen the availability of finance for small and medium-sized enterprises (SMEs) and entrepreneurs in Egypt, with support from the U.S. Department of State’s Middle East Partnership Initiative (MEPI).  This program is strengthening the capacity of banks and non-bank financial institutions to provide financial services to SMEs and improving the policy framework for increasing access to finance for underserved populations in Egypt.  Significant results include setting up SME lending units at local banks, facilitating the listing of SMEs on the stock exchange and training private equity investors in SME investing.  

Key Accomplishments under Previous FSVC Programs
Improving Access to Finance for SMEs: FSVC, in partnership with HSBC, developed a web portal for entrepreneurs; assessed impediments to SME financing; and delivered workshops for entrepreneurs and SMEs.

Developing Capital Markets: FSVC helped the Capital Market Authority and the Cairo and Alexandria Stock Exchanges on introducing derivative products and new trading tools, upgrading regulations, and training staff in market surveillance.  
Strengthening Central Bank Regulation/Supervision: FSVC advised the Central Bank of Egypt in the creation of a new Monetary Policy Unit, and trained staff on best practices in bank supervision, reserve management and payment systems.