FRA: Egyptian economy reaping fruits of reforms despite regional, int’l challenges – Egypttoday

FRA: Egyptian economy reaping fruits of reforms despite regional, int’l challenges – Egypttoday

FRA: Egyptian economy reaping fruits of reforms despite regional, int'l challenges. CAIRO - 28 January 2020: Financial Regulatory Authority (FRA) Chairman Mohamed Omran said the Egyptian economy began to reap the fruits of the drastic reforms carried out by the government over the past few years despite of regional and international challenges.. Omran said economic reforms contributed to realizing an initial budget surplus of 2 percent, noting that the net hard currency reserve hit a record of more than $45 billion by the end of 2019.. Investments of insurance funds registered at LE 75 billion in 2019 against LE 67 billion in 2018, he said.. FRA has also established a sustainable development department and issued the first sustainability report by an Egyptian institution..