According to a statement by the CBE on Thursday, this visit served as an essential platform to highlight Egypt's achievements in fostering a sustainable economy.

The CBE welcomed the three-day delegation, which aims to explore the various initiatives implemented by the bank. These initiatives focus on sustainable finance and the support of micro, small, and medium Enterprises (MSMEs).

This engagement was coordinated with the Alliance for Financial Inclusion (AFI), aiming to leverage Egypt's expertise in advancing green financing and establishing sustainable finance principles.

During the visit, the CBE provided a comprehensive presentation detailing its regulatory framework, designed to align with and achieve Egypt's Vision 2030. This framework emphasizes integrating social and environmental considerations while promoting strong governance principles.

All parties concluded the visit by expressing a mutual commitment to enhance future collaboration. They agreed to reinforce their partnerships and exchange valuable expertise to achieve common objectives, ultimately fostering sustainable regional economic development.

Egypt has been particularly proactive in its efforts to achieve a sustainable economy. For instance, in May, the country signed a significant agreement with the United Nations, the United Nations Sustainable Development Cooperation Framework Agreement (UNSDCF 2023-2027), to realize the Sustainable Development Goals (SDGs) by 2030.

Further demonstrating its commitment, the CBE signed a memorandum of understanding (MoU) with the French Development Agency (AFD) in July. This MoU initiated the “Finance in Common” initiative, which seeks to collaborate with banks, financial institutions, and regulatory bodies to advance sustainable development goals further.

Moreover, in October, the Green Climate Fund (GCF) approved funding three major greening initiatives that will benefit Egypt and support over a dozen other countries in the Global South. The total budget for these initiatives amounts to $2.687 billion.