Regulatory Alerts2022-04-13 | CBE14.1CBE Regulation Book 14.1 - Discussion Paper On Sustainable Finance
The Central Bank of Egypt is committed to promoting sustainable finance, which aligns with its goals of supporting financial and banking stability and achieving sustainable development. The bank has launched several initiatives to promote sustainable development and green financing, including initiatives for small and medium-sized enterprises, the industrial, agricultural, and tourism sectors, real estate financing, and the conversion of vehicles to dual-fuel systems. The banking sector plays a crucial role in supporting economic development and sustainable development goals, including environmental and social challenges. The adoption of sustainable financing practices can positively impact companies' performance and reduce risks, attracting foreign investments. The Central Bank of Egypt has outlined the concept of sustainable financing and its importance at the national and banking sector levels.