El Gouna Red Sea raises solar capacity to 15.8 MW with Solarize-2
El Gouna Red Sea, the flagship year-round destination of Orascom Development Egypt, has opened Solarize-2, ...
TV BRICS: Egypt’s CBE, banks expand financing for SDGs-targeted projects
* TV BRICS: Egyptian banks launched over 24 innovative financial programs in the field of ecology and social policy
The Central Bank of Egypt (CBE) and the country’s leading lending institutions have expanded financing for projects aimed at achieving the United Nations Sustainable Development Goals (SDGs) and implementing Egypt Vision 2030 strategy, according to TV BRICS.
It is noted that Egyptian banks have started introducing financial programs focused on environmental and social sustainability. Special attention is paid to financing projects in the field of renewable energy, waste recycling, as well as support for micro, small and medium-sized enterprises. In addition, banking services for low- and middle-income citizens and people with disabilities have been expanded.
To date, banks have launched more than 24 innovative financial programs in the field of ecology and social policy. At the same time, 31 credit institutions have introduced financial products that contribute to the development of competitive economy and entrepreneurship, as well as the creation of new jobs. In addition, the financing of educational initiatives is also prominent.
To promote energy transition and fight climate change, banks have introduced green finance and green bond programs.
TV BRICCS emphasizes that Egypt’s banking sector continues to integrate international standards for sustainable finance, strengthening financial stability, and contributing to long-term economic growth.
Leave a comment