May Abulnaga is the First Sub-Governor in charge of the technical office of the Governor of the Central Bank of Egypt (CBE). She is also in charge of the Regulations Sector under Banking Supervision, Financial inclusion department, Banking Reform department and Strategy department under the Governor’s office. Her career spans 26 years specializing on the regulatory side in issuing and amending prudential regulations, restructuring of the state-owned banks as part of the reform program conducted by the CBE for the Egyptian banking sector; beside her previous experience on the commercial banking side in corporate credit and credit risk. In early 2013, May assumed additional responsibility related to financial inclusion specifically on promoting SME finance as part of creating a sustainable banking environment. Several initiatives and regulations were issued to promote financial inclusion such as the initiative to encourage banks to finance SMEs, the mobile payment regulations, easing the rules for opening Banks’ retail and SME branches and the mortgage initiative directed towards low and medium income earners. May is working on a project to conduct a national level data gap analysis exercise to identify gaps related to exclusion. Moreover, in September 2014 May was awarded Fellowship of The Fletcher Leadership Program on Financial Inclusion – The Fletcher School – Tufts University – Boston, USA. During her career, May served on several Board of Directors including Egyptian Mortgage Refinance Company, the Mortgage Finance Subsidy Fund and the United Bank heading the Risk and Nomination & Governance board committees. Currently, she serves as Board Member of Arab International Bank, a member of the Board of Trustees of the FRA supervisory unit on Micro Finance conducted through NGO’s and since 2015, May was appointed as the Secretary of the Board of Directors of the Central Bank of Egypt. She is the official member representing the CBE on the Arab Committee on Banking Supervision created by the Board of Arab Central Bank Governors and Arab Monetary Fund. May holds a Bachelor degree in Business Administration with “high honors” from the American University in Cairo (AUC), and a minor in Economics.