Egypt’s FRA founds regional center for sustainable finance

Egypt’s FRA founds regional center for sustainable finance

FRA Chairman Mohamed Omran during the press conference - Press Photo







CAIRO – 15 March 2021:Egypt's Financial Regulatory Authority (FRA) established a Regional Center for Sustainable Finance, according to FRA's Chairman Mohamed Omran.

 

Omran clarified that the new center will focus on strengthening the Egyptian economy's existence on the global green economy map as the Middle East and Africa (MEA) region's first sustainable finance center.

 

“It will complete the institutional and organizational structure of the FRA's Financial Services Institute, representing an important addition to the “Knowledge Hub” that the FRA is currently establishing,” Omran added.

 

Head of Sustainable Development Department and Advisor to the Chairman at FRA Sina Hbous, has been appointed as the new center's Executive Director.

 

The center's establishment follows the global green bond markets surpassing $1 trillion since the introduction of similar financial vessels in 2007.

 

The members of the center's advisory board elected Mahmoud Mohieldin as