Egypt’s FRA expands mandate of Regional Centre for Sustainable Finance and Carbon Markets

September 21, 2026 - 01:06

The board of directors of the Financial Services Institute, led by Dr. Islam Azzam, who heads the Financial Regulatory Authority, has approved a regulatory decision that expands the duties of the Regional Centre for Sustainable Finance and Carbon Markets. The centre will now serve as a technical, research, and training hub, a shift that broadens its activities to match the country's growing focus on green finance and emissions trading.

Under the new mandate, the centre will take on a larger part in building local expertise, supporting market participants, and carrying out studies tied to sustainable investment tools. It will also offer training programs aimed at banks, companies, and regulators that want to keep pace with rapid changes in carbon markets and climate-related disclosure.

The move reflects a wider push to strengthen the skills and knowledge needed for Egypt's transition toward a lower-carbon economy. By turning the centre into a dedicated resource for research and capacity building, officials hope to speed up the development of financial products that support environmental goals while attracting more private capital into clean projects. The decision also signals that regulators see sustainable finance as a core part of the financial system, not a side issue.