The e-finance group for financial and digital investments signed a memorandum of understanding (MoU) with the Libyan Ministry of Finance to provide electronic payment services to the Libyan government and to develop and manage financial and accounting information systems of the ministry.
At its headquarters in Cairo on Sunday, e-finance hosted a Libyan delegation led by Libyan Finance Minister Khalid Al-Mabrouk with the aim of learning about Egypt’s experience in developing and digitizing the country’s financial system. government and transfer this experience to Libya.
The delegation also received information on e-finance experience in setting up a single treasury account (TSA), electronic payments, a collection center and a number of government transaction automation systems.
For his part, Al-Mabrouk praised e-finance’s efforts to spread the culture of digital transformation, implement projects and the success of the partnership with the Egyptian Ministry of Finance in light of Libya’s constructive ties. with Egypt.
He added that his ministry had signed a cooperation agreement with e-finance Group to reform the public finance system in Libya by developing and managing the ministry’s financial and accounting information systems.
In addition, the ministry is adopting modern methods to prepare government budgets so as to ensure that the established goals and plans are met. This will help establish the financial indicators needed to measure government performance. It also ensures that appropriate frameworks are established for fiscal policy, as well as keeping pace with modern technological systems, achieving accuracy and speed of performance, implementing electronic control systems, ensuring information and following electronic means in procedures. .
Ibrahim Sarhan, chairman of the e-finance board, said the deal was a very important step for the group, as it reflected the company’s commitment to expanding into foreign markets, especially in Africa. – with unlimited development opportunities, thus helping to increase the group’s turnover and achieve the greatest profit for its shareholders.
This cooperation also reflects the level of international trust that the e-finance group has as the leading branch of government in the digitization of financial transactions.
