Dalia Abdel Kader, director of Marketing and Communications Arab African International Bank (AAIB), has been selected by the UNEP Finance Initiative (UNEP FI) as a representative in the Middle East to promote Principles for Responsible Banking to sensitize financial institutions and stakeholders, and to motivate them to support and abide by those principles.
Abdel Kader was appointed as one of five representatives from several regions, including North America, Europe, Latin America, Africa, Asia and the Middle East, to participate in promoting principles in the Middle East, making Egypt the starting point for sustainable financing for the region.
The principles are set to be presented to financial institutions around the world at the UNEP FI’s biennial Global Roundtable in November in Paris.
According to Abdel Kader, the current period will witness an escalation of the movement’s efforts towards the promotion and implementation of sustainable financing at the global level.
She added that the growth of financial institutions and the economies of all countries necessitates linking finance to the environmental and social goals represented in the United Nations Sustainable Development Goals (SDGs).
“There is a strong relationship between sustainable financing, and overall development, and the Egyptian banking sector has begun the implementation of serious steps towards this direction,” Abdel Kader explained.
Abdel Kader was previously nominated by the Central Bank of Egypt to represent Egypt at the G20 Summit in China and the Green Finance Study Group in 2016.