Egypt announces new advisory board for Regional Centre for Sustainable Finance
Egypt’s Financial Regulatory Authority (FRA) announced on Monday the formation of a new advisory board for its Regional Centre for Sustainable Finance (RCSF).
Chaired by renowned climate expert and UN Special Envoy for the 2030 Financing Agenda, Mahmoud Mohieldin, the board aims to promote sustainable development and climate action within the non-banking financial sector.
The announcement highlights Egypt’s commitment to sustainable development and its efforts to attract international investment in green projects. The establishment of the new advisory board and the launch of the voluntary carbon market earlier this month are significant steps towards achieving these goals.
The new advisory board will develop policies and programmes to foster collaboration and knowledge sharing with development partners. By providing innovative and sustainable financing solutions, the FRA seeks to contribute to achieving the Sustainable Development Goals (SDGs) and addressing climate change challenges.
FRA Chairman Mohamed Farid asserted that sustainable finance is a pivotal component of achieving the Sustainable Development Goals. He emphasised the need for a supportive regulatory environment and strategic partnerships to facilitate access to sustainable financing, ultimately contributing to a better quality of life for all.
The FRA’s commitment to sustainable finance is evident through its efforts to establish a conducive regulatory environment and foster strategic partnerships with international development institutions. By providing access to sustainable financing, the FRA aims to improve the lives of people and communities.
Among the prominent experts from around the world to provide insights and guidance to the new advisory board, are
- Anthony Miller, Coordinator of the United Nations Sustainable Stock Exchanges Initiative
- Barbara Buchner, Global Managing Director of Climate Policy Initiative
- Timothy Afful-Koomson, Africa Regional Director of the Glasgow Financial Alliance for Net Zero (GFANZ)
- Justin Mundy, Strategic Adviser to the Capital, Science & Policy Practice at Willis Towers Watson and Distinguished Fellow at World Resources Institute (WRI)
- Rola A. A. H. Dashti, Executive Secretary of the Economic and Social Commission for Western Asia (ESCWA).
- Sonia Gibbs, Executive Director and Head of Sustainable Finance at the Global Policy Initiatives of the Institute of International Finance
- Vera Songwe, Co-Chair of the High-Level Expert Group on Climate Finance
- Mohamed Nasr, Egyptian Ambassador to Austria and Director of the Climate and Environment Department at the Egyptian Ministry of Foreign Affairs
- Mai Abu El Naga, Deputy Governor of the Central Bank of Egypt for Banking Supervision
- Ndedi Nnoli Edozien, Chair of Circular Economy Innovation Partnership and Managing Partner Afrikairos GmBH.
Attribution: The Egyptian Cabinet
