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CBE Catalyses Banking Sector’s Shift Toward Sustainable Finance: Governor Abdalla - Dailynewsegypt
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CBE catalyses banking sector’s shift toward sustainable finance: Governor Abdalla - Dailynewsegypt
Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), affirmed that climate change has evolved from an environmental concern into a core financial issue, underscoring the central bank’s leading role in steering Egypt’s banking sector towards sustainability. “Climate change is no longer an environmental issue; it has evolved into a financial one,” Abdalla said.
In a step that reflects the continued commitment of the Bank of Egypt to support sustainability and promote financial inclusion, the Bank of Egypt signed a financing agreement with the International Finance Corporation (IFC), a member of the World Bank Group, with the aim of expanding its green portfolio and increasing climate-related assets, as well as promoting financing for the micro, small and medium-sized enterprise sector in Egypt, with a …
IFC Unveils Five Projects to Boost MSMEs and Climate Finance in Egypt and Africa - Top 50 Women Forum
The International Finance Corporation (IFC) has launched five new investment initiatives aimed at strengthening micro-, small- and medium-sized enterprises (MSMEs), expanding climate finance and supporting healthcare and food security in Egypt and across Africa. The projects, announced during a visit to Egypt by IFC Vice President for Africa Ethiopis Tafara, reflect a multi-sector strategy centered on green finance, inclusive lending and private…
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