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FRA allocates 250 million pounds from its surplus in support of Egypt?s efforts to mitigate the economic effects of the coronavirus – Sunday 22/3/2020

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FRA’s BOD decides to allocate 250 million pounds from FRA’s surplus in support of Egypt’s efforts to help the most vulnerable groups that are expected to be affected economically from the repercussions of the coronavirus.

The said decision reflects FRA’s belief that all state institutions must act jointly. Also, private sector must unite to support the state in the current conditions.  FRA urged state institutions that have surpluses to do likewise in order to mobilize all capabilities and efforts to enable the state to carry out its growing burdens.

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Regulator Information

Abbreviation: FRA
Jurisdiction: Egypt

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