Fitch International Credit Rating Corporation launches the first credit academy in Egypt
Fitch International, one of the world's leading risk rating agencies, has announced the launch of its first International Credit Academy in Egypt through its Fitch Learning Foundation to train professionals and employees of various credit departments in Egypt..
Fitch said in a statement on Monday that the selection of Egypt for the establishment of this academy came for several reasons, the most prominent of which is that Egypt is one of the most important emerging markets in the world with the development of indicators of economic development against the background of Egypt's successful program of economic reform coincided With Egypt's ambitious economic plans.
She added that the Egyptian government's belief in the importance of preparing and developing young people and enhancing the capabilities of the Egyptian labor market is likely to be the choice of Fitch Learning to launch the Academy instead of other markets in order to transfer its knowledge, international expertise and financial solutions to the Egyptian market..
Fitch Learning is one of the world's leading providers of financial training services worldwide with branches in London, New York, Singapore, Dubai, Hong Kong and currently in Cairo. Fitch Learning is the most experienced training, For financial professionals prepared to deepen knowledge, develop skills and improve performance to keep abreast of the fast and evolving environment in the global financial markets.
Fitch Learning offers e-learning solutions, guidance and mixed assessment to applicants that lead to the development of the contribution of individual business professionals to the benefit of business performance..
Fitch said in its statement that it will launch its first educational program through the Fitch Learning Academy in Egypt in June. The program will continue for 8 consecutive weeks, targeting employees of credit and risk departments and credit portfolio managers of large companies and small and medium enterprises.
She explained that the new credit academy includes several intensive financial and credit programs, including international accounting and credit standards, financial analysis mechanisms, preparation of economic research and financial evaluation, construction of complex financial models, financing mechanisms of large projects and financing of small and medium enterprises with international efficiency.
Fitch's training programs in Egypt include credit rating mechanisms, mortgage finance, infrastructure projects and global credit and financing structures, to raise the skills of financial professionals to absorb and keep pace with the international financial markets, and will also provide international expertise to trainees to support the transfer of international knowledge and expertise to the Egyptian market..
Fitch will provide significant educational initiatives to aspiring financial professionals to improve their competitiveness in the global market and prepare a better future for global financial services, said Andreas Kraiskus, Chief Executive Officer of Fitch Communications. "Fitch will be a strong start to Fitch's presence in The Egyptian and African markets.
Dalia Khorshid, Chairman and CEO of Masar Financial Consultancy, said: "The Egyptian market offers a variety of promising investment opportunities. This highlights the importance of working on the weight of the expertise of Egyptian young professionals and enabling them to keep abreast of developments in the global financial markets and meet the financial and economic challenges..
She added that Fitch International's international trust and its wide international reach will certainly enrich the Egyptian financial field through its presence in the Egyptian market, which will positively reflect the strengthening of Egyptian expertise with the latest international educational programs in the financial field..
Fitch Ratings has upgraded Egypt's credit rating to B + with a stable outlook due to the progress achieved in the implementation of economic and financial reforms that lead to improving macroeconomic stability and enhancing public finances..
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