Investment and Foreign Trade Minister Mohamed Farid said Egypt has shifted from discussing sustainability concepts to applying them through institutional frameworks supported by clear legislation and regulatory oversight, strengthening the country’s ability to attract sustainable financing and enhance investor confidence.
Speaking at the International Finance Corporation conference “Innovation for Resilience – Finance for a Sustainable Future,” Farid said structural reforms in the banking and non-banking financial sectors, carried out in coordination between the Central Bank of Egypt and the Financial Regulatory Authority, have improved the environment for issuing sustainable financial instruments. He noted that updated regulations under the Capital Market Law now allow diversified issuances, including green bonds, transition bonds, and gender-linked bonds.
Farid said new disclosure requirements on sustainability standards and carbon footprints have been introduced to ensure efficient allocation of green finance. He added that non-banking financial institutions with capital exceeding EGP 100 million are required to submit periodic carbon footprint reports and offset part of their emissions through tradable carbon credits. Around 160,000 carbon credits have been registered under the voluntary carbon market system, supported by regulatory and accounting frameworks governing registration and trading.
He said the next phase will focus on expanding sustainable finance practices across financial institutions and strengthening cooperation at the regional and international levels to support the transition toward a more resilient economy.
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