Grapevine

CBE participates in ‘New Beginning for Human Development’ initiative

The Central Bank of Egypt (CBE) has participated in financing and implementing numerous key projects in the fields of corporate social responsibility (CSR) and financial inclusion. These unwavering efforts fall within the framework of the “New Beginning for Human Development” initiative launched by the Ministerial Group for Human Development in the presence of Prime Minister Mostafa Madbouly, which will run for 100 days.

Hassan Abdalla, Governor of the CBE, emphasized: “The CBE is keen to support the state’s endeavours across all sectors by launching a series of leading initiatives to advance society and improve the citizens’ quality of living. Our participation in the “New Beginning for Human Development” initiative aims to implement several promising projects that effectively impact health, education, and financial inclusion. This contributes to achieving the initiative’s goals which represent a model for fruitful cooperation among all state entities to facilitate the services’ accessibility for citizens.”

The efforts undertaken by the CBE in the “New Beginning for Human Development” initiative encompass a wide range of activities that are executed by the CBE’s CSR Department and funded by the banking sector. These include implementing projects in the health and education fields, most notably:

The “Eliminating Waiting Lists” initiative, in collaboration with the Ministry of Health and the Medical Emergencies, Genetic and Rare Diseases Fund, which aims at performing various surgeries, including stent placement, angioplasty, and open-heart surgeries. In addition, the initiative focuses on providing 4000 joints for orthopaedic surgeries, covering corneal transplant surgeries across all governorates, and funding several surgeries in various specialities.

The “Development of University Hospitals” initiative involves funding the construction of new hospital buildings, upgrading existing facilities, or equipping them with the necessary medical devices. The initiative aims at revamping several university hospitals, including Cairo University and Ain Shams University, as well as the National Cancer Institute (NCI).