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Egypt's Central Bank Teams Up with Ministries to Define Sustainable Finance

Egypt's Central Bank is gearing up to introduce a new Sustainable Finance Taxonomy. This upcoming guide will help everyone clearly identify which economic activities are eligible for green funding, making it easier to attract investments and manage financial risks more effectively.

3 min read
Egypt's Central Bank Teams Up with Ministries to Define Sustainable Finance

The Egyptian financial system is working towards setting clearer rules for identifying and funding sustainable economic activities. This comes as environmental and social criteria become increasingly important in global investment decisions. This global trend has prompted the Central Bank of Egypt to start preparing a "Sustainable Finance Taxonomy." This taxonomy will serve as a key reference for pinpointing projects and activities that qualify for sustainability-linked financing.

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