Public Banks and Development in Egypt: Overview, Issues and the Way Forward?
No.
PB 102
Publisher
ERF
Date
November, 2022
Topic
E5. Monetary Policy, Central Banking, and the Supply of Money and Credit
G2. Financial Institutions and Services
O1. Economic Development
- Public Development Banks (PDB), like any other bank, serve as a financial intermediary, yet with a strong developmental role. This brief provides an overview of PDBs in Egypt. The latter is of particular interest for two reasons.
- First, while PDBs have a long history in the Egyptian economy, their role and the intervention are rather limited. This applies to banks that were created during the socialist era of Nasser.
- Second, the largest share of the PDBs-related projects implemented in Egypt is undertaken by government-owned commercial banks, namely National Bank of Egypt, Banque Misr and Banque du Caire.
- Thus, the objective of this brief is twofold: first, to analyze how and why the role of PDBs can be played by public banks; second, to highlight the lessons that can be learned from the resilience of the Egyptian financial systems to the succession of crisis/disruptions.
Research Fellows
Jasmin Fouad
Visiting Professor of Finance, Management Department School...
Authors
Moheb Said
Independent Researcher
Authors
Wesam Sherif
Researcher, American University in Cairo
Research Fellows
Chahir Zaki
Chaired Professor of Economics, University of Orléans