2022-11-03

Circular dated November 3, 2022 regarding instructions for sustainable financing

The letter outlines the Central Bank of Egypt's decision to mandate all banks operating in the country to adopt sustainable financing policies and procedures, aligning with the bank's sustainable development goals and Egypt's 2030 vision. The decision includes forming a dedicated sustainability and sustainable financing department, reporting requirements, and the use of environmental consultants for large projects.

Tags
monetary
governance
advisory