Third Financial Sector Development Policy Loan

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The objective of the Third Financial Sector Development Policy Loan Program is to assist Egyptian authorities in further developing the enabling environment for financial intermediation and financial access, and increase private participation in the provision of financial services, through a strengthened bank and non-bank financial system. This operation supports the government's second generation Financial Sector Reform Program (2009-2012), aimed at building a financial system that is more inclusive, competitive and effective in financial intermediation. This, in turn, will contribute to the sustained growth of the Egyptian economy and combat the adverse consequences of the global economic crisis. The operation is aligned with the strategic objectives of the Country Assistance Strategy (CAS).