The Egyptian Ministry of Finance and the World Bank hosted the annual Retail Bond Conference, which was attended by experts from various countries to discuss new solutions and best practices in retail contracts.
The meeting emphasized the importance of international cooperation in creating efficient retail markets, and the need for social management, technological know-how, and education and social assistance to solve problems.
The Ministry of Finance introduced Egypt’s vision for the creation of a local retail market, emphasizing the important role of this financial instrument in expanding the business base and supporting business growth.
The Ministry of Finance emphasized the importance of international cooperation in creating a strong foundation for domestic retail trade, and stated that the Ministry was eager to learn about the possibility of advertising sales funds as an important step to encourage entrepreneurs and improve financial capacity.
Finance Minister Yasser Sabry, responsible for fiscal policy, emphasized the importance of selling commercial bonds to have stable and abundant money in line with Egypt’s economic development goals. He added that the sales contract provides attractive and secure investment opportunities for investors, as well as helping to reduce government debt and support economic development.
Sabry said that the Ministry of Finance is committed to exploring new financial methods to separate merchants from retail stores in order to support business and public interest objectives. He noted that these tools are promising in improving the financial system and supporting the economic development of businesses, as many developing countries face problems such as high debt and inflation.
The conference was attended by delegates from Italy, Hungary, South Africa, Indonesia, Ukraine, Macedonia, Albania, Vietnam and Peru, demonstrating the diversity of international expertise in practice.
