The Central Bank of Egypt (CBE) has issued directives to banks to provide the necessary support to their exporting clients to comply with international sustainability standards in the production stages of their exported goods. This is part of the CBE's efforts to promote sustainable financing, keep pace with international developments, and align with the global trend towards combating climate change.

These standards include a carbon border adjustment mechanism to ensure that carbon emissions from production processes align with the standards set by the European Union and the United Kingdom, facilitating the entry of Egyptian goods and products into foreign markets.

According to the directive, banks will notify the CBE of a list of their exporting clients, a proactive step to enhance banking stability and avoid any risks associated with the implementation of the carbon border mechanism in the United Kingdom and European countries.

This directive contributes to supporting bank clients' shift towards exporting environmentally compatible products that meet international standards, enhancing efforts to increase export rates to various markets and aligning with the state's plans to achieve sustainable economic development.