It also emphasizes the implementation of corporate governance practices and environmentally sustainable financial policies
Egypt and Belarus signed a memorandum of understanding (MoU) to enhance investors’ participation in the stock market in the two countries.
The MoU aims to lay the foundations for bilateral cooperation between the Egyptian Financial Regulatory Authority (FRA) and the Ministry of Finance of the Republic of Belarus, to support and enhance investor participation in the securities and futures market and other related investment product markets. The agreement also aims to establish a system of mutual assistance to enhance performance efficiency in both countries.
The memorandum of understanding outlines areas of collaboration between the two parties, which encompass the exchange of information, consultation, expert visits, and technical cooperation in various aspects of securities, futures contracts, and other investment products. It also emphasizes the implementation of corporate governance practices and environmentally sustainable financial policies. These efforts align with the goal of building a more resilient and sustainable economy and contributing to the achievement of sustainable development goals.
During the signing ceremony, Chairman of the FRA, Mohamed Farid, highlighted that the memorandum of understanding reflects the mutual desire of both countries to further enhance and develop their economic ties and cooperation. It aims to promote shared interests concerning the operation of national securities markets, with a particular focus on enhancing investor protection and facilitating the effective growth of securities markets in Egypt and Belarus.
