The People and Banks Conference, held on Wednesday under the title “The Road to Sustainability and the Green Economy,” featured several banking leaders who highlighted the vital role of the Egyptian banking sector in achieving the state’s vision of transitioning to a green economy. He added that this is in cooperation with the Egyptian government, which gives great importance to financing green projects. Ghanem pointed out that the agricultural sector has received the largest share of sustainable financing, followed by the healthcare sector. He affirmed that the banking sector has played a significant role in promoting sustainable development and the green economy, as the Central Bank has set guidelines for directing financing to more sustainable economic activities. He explained that sustainability cannot be achieved without the banking sector, which directs financing to environmentally friendly green projects.

Source: Daily News Egypt October 27, 2023 01:12 UTC