Financial Sector in Egypt
Abstract: Egyptian financial sector has been affected by the economic reform policy and the structural adjustments which took place in the early 1990s. The aim of these adjustments was to open up the financial sector, which until then had been characterized by a high degree of government interventions in the allocation of credit, to the free play of market forces.
The banking law No. 187 and the central bank law No. 120 were amended, and different regulations were changed. Hence, lending decisions became largely a matter for the banks themselves which have experience in evaluating and transforming risks, while the state has reduced its role to that of setting the general framework and monitoring compliance with the rules it has set.
URL
Publication year 2008
Organization Name
Author(s) from ARC
Publication Type Journal
↑