81307505 - Private Sector Innovation II (PSI II)

The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH was commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ) to implement the project "Private Sector Innovation" (PSI) in Egypt with the aim to improve the competitive situation of the Egyptian industry in light of increasing market requirements for a green transformation of the economy." As an output, the project aims to strategically align the financing portfolio of relevant financial system actors more strongly with a green transformation of Egyptian industry. Employees of financial system actors at all levels of the organization receive advisory and capacity development measures on selected topics in the placement of green financial products (e.g., adaptation of the criteria for granting green loans, development of marketing strategies). The selected financial system actors are advised on the development of strategic documents (e.g., sustainability strategies), more sustainable alignment of their structures (e.g., sustainability units) or the introduction of standards for recording and reporting emissions (e.g., Partnership for Carbon Accounting Financials (PCAF)). As background, Egypt's financial systems hosts a diverse array of institutions, including banks, capital markets, and non-banking financial institutions, each playing a distinctive role in shaping the country's economic landscape. In recent years, the government has undertaken reforms aimed at enhancing transparency, improving regulatory frameworks, and attracting foreign investment to enhance the depth and efficiency of Egypt's financial markets. Financial institutions in Egypt are increasingly recognizing the importance of integrating green finance principles into their operations and investment strategies. In response to growing environmental concerns and international commitments to combat climate change, banks and other financial entities in Egypt are actively exploring ways to support susta