The Egyptian Exchange participates in a Joint High Level Event of the United Nations

Egyptian Exchange Posted

EGX’s chairman, Dr. Mohamed Farid Saleh, participated in a virtual Joint High Level Event by UNDP, UNCTAD, ILO, UNDESA entitled; “The role of business and the financial sector in financing a sustainable and resilient recovery from COVID-19” with the participation of Dr. Hala ElSaied, Minister of Planning and Economic Development and representatives of several international institutions.

During his speech, Dr. Farid addressed the role of capital markets in supporting the UN Sustainable Development Goals, as well as their increasing role in mobilizing global savings resulting from the decline in consumption rates affected by the the pandemic and redirecting them to investments with environmental and community development returns, which would support International efforts to achieve a flexible and sustainable recovery after the pandemic.

Dr. Farid said that EGX’s management is constantly motivating listed companies to further engage in global practices related to environmental and social standards and support gender equality, stressing that the availability of financial instruments and investment products for this type of company is demanded by international institutions interested in investing in SDG abiding companies.