Arab Republic of Egypt

Egypt successfully issues a 3-year Sustainability Panda Bond worth RMB 3.5 billion ($478.7 million)

The Financial Regulatory Authority and the Egyptian Stock Exchange launch Egypt's voluntary carbon market, which is the first of its kind in Africa

Ministry of International Cooperation issues the Nexus of Food Water & Energy

The Ministry of Finance publishes the Sovereign Sustainable Financing Framework

CBE issues the Binding Regulations on Sustainable Finance

CBE publishes Guiding Principles on Sustainable Finance

CBE publishes a technical paper on sustainable finance to accompany the Guiding Principles on Sustainable Finance

FRA's decree No. 107 and 108 for the year 2021 require NBFIs and companies listed on the Egyptian Stock Exchange, to submit quarterly ESG and TCFD-related disclosure reports

Egypt National Climate Change Strategy 2050 is launched during COP26 to highlight this priority area more broadly for the Government of Egypt

The first company green bonds are issued to the value of $100 million by the Commercial International Bank (CIB) in tandem with IFC

The first governmental sovereign green bonds are offered on the London Stock Exchange with a total worth of $750 million in a five-year term, the first of its kind in the Middle East and North Africa (MENA)

Green bonds issued to the value of $750 million

CBE and Financial Regulatory Authority (FRA) join the World Bank and IFC in the Scaling up Climate Finance through the Financial Sector program, also known as the 30 by 30 Zero Program

Government of Egypt issues the Sovereign Green Financing Framework

The board of the CBE agrees to create a general department dedicated to sustainability, covering sustainability broadly as well as sustainable finance more specifically

Financial Regulatory Authority and the Insurance Federation of Egypt hold the Inaugural Principles for Sustainable Insurance (PSI) Egyptian Market Event

Central Bank of Egypt (CBE) joins SBFN

Federation of Egyptian Banks (FEB) joins SBFN

Government of Egypt issues the Green Transformation Strategy

Collaboration between the banking sector and the Egyptian Ministry of Planning, Monitoring and Administrative Reform results in the Vision 2030 Development Strategy