Arab Finance: Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), met with Gelsomina Vigliotti, Vice President of the European Investment Bank (EIB), to discuss expanding bilateral cooperation and future partnership plans, according to a statement.

Abdalla reviewed the latest developments in Egypt’s economic reform strategy, highlighting the progress achieved despite global and regional challenges.

For her part, Vigliotti praised the Egyptian banking sector’s resilience, particularly high capital adequacy ratios and liquidity levels, alongside a low non-performing loan ratio.

She further addressed the longstanding cooperation between the EIB and Egypt, commending the CBE’s efforts to support and advance the national economy.

Both sides expressed their commitment to strengthening their partnership, with a particular focus on sustainability and supporting the CBE’s sustainable finance initiatives.

They reviewed the Greening Financial Systems (GFS) technical assistance program, which aims to support CBE’s efforts to advance sustainable finance.