Egypt launches 1st regional centre for sustainable finance to complete Knowledge Hub

Egypt launches 1st regional centre for sustainable finance to complete Knowledge Hub

Mohamed Omran, Chairperson of Egypt's Financial Regulatory Authority (FRA), has issued a decision to establish the Regional Centre for Sustainable Finance.

The centre, the first of its kind for sustainable finance in the Middle East and Africa (MEA) region, is a step towards strengthening the Egyptian economy's presence on the global green economy map.

It follows the global green bond markets surpassing the $1trn mark since the introduction of such financial vessels in 2007.

Omran said the centre will complete the institutional and organisational structure of the FRA's Financial Services Institute. It represents an important addition to the "Knowledge Hub“ that the FRA is currently establishing.