On July 16th 2020, the MED MSMEs Programme organized a regional webinar with stakeholders from the public and private sector in South Med partner countries to introduce the Regulatory Sandbox framework as a tool for producing regulation enabling fintech companies to develop and test fintech instruments and discuss its potential positive impact on MSME financing.
The event was placed under the patronage of DG NEAR with participants from the Central Bank of Jordan (CBJ), Banque Centrale de Tunisie (BCT) and representatives from Fintech companies. The event also gathered 40 participants from partner countries in the South Med region from both public and private sectors.
The webinar provided insights on utilizing the regulatory sandbox for a stronger fintech sector, with some specific information on how it can support aspects like financial inclusion, or better relationships between regulators and operators.
As a follow up to this event and to introducing and discussing the concept of the sanbox, the MED MSMEs Programme will:
1- Finalize the development of a regulatory sandbox guide
2- Transmit the regulatory sandbox guide to stakeholders in partner countries
3- Enhance the public private dialogue with countries currently in process of implementing the sandbox framework and, support those who are willing to launch the framework at national level.
More information on the sandbox can be viewed here: