The Egypt Financial Regulatory Authority met a joint mission from the World Bank and the International Finance Corporation to scope cooperation under the Joint Capital Markets Program (J-CAP), with sustainability, activation of the carbon market, digital transformation and entrepreneurship set out as core priorities. The discussions linked capital market development to attracting foreign investment and mobilising savings, and highlighted Egypt’s launch of a regulated voluntary carbon market overseen by capital market regulators. The Authority indicated the market infrastructure is ready and prioritised cooperation to raise business awareness and increase corporate participation in sustainability and climate adaptation through emissions-reduction projects aligned with its standards and controls. The agenda also covered fintech and the digitisation of non-banking financial transactions to widen access to non-banking financial services and support insurance, investment and financing inclusion. Both sides agreed to define priorities from the meeting and translate them into workplans, including the resources required to deliver the agreed objectives.
Egypt Financial Regulatory Authority 2025-03-06
Egypt Financial Regulatory Authority and World Bank Group mission agree to develop J-CAP action plans spanning the voluntary carbon market, fintech and entrepreneurship
The Egypt Financial Regulatory Authority collaborated with the World Bank and International Finance Corporation under the Joint Capital Markets Program to focus on sustainability, carbon market activation, digital transformation, and entrepreneurship. Discussions emphasized capital market development to attract foreign investment and launching a regulated voluntary carbon market. The agenda also included fintech and digitization to enhance access to non-banking financial services and support financial inclusion.