{"id":551014,"date":"2022-05-19T13:09:04","date_gmt":"2022-05-19T13:09:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/this-evening-were-waiting-on-the-cbes-decision-on-rates-environment-ministry-to-go-in-depth-on-egypts-national-climate-strategy-for-2050\/"},"modified":"2022-05-19T13:09:04","modified_gmt":"2022-05-19T13:09:04","slug":"this-evening-were-waiting-on-the-cbes-decision-on-rates-environment-ministry-to-go-in-depth-on-egypts-national-climate-strategy-for-2050","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/this-evening-were-waiting-on-the-cbes-decision-on-rates-environment-ministry-to-go-in-depth-on-egypts-national-climate-strategy-for-2050\/","title":{"rendered":"THIS EVENING: We\u2019re waiting on the CBE\u2019s decision on rates + Environment Ministry to go in depth on Egypt\u2019s National Climate Strategy for 2050"},"content":{"rendered":"

Good afternoon, wonderful people, and welcome (finally) to THURSDAY.<\/strong> It\u2019s a moderately calm end to the week, but we anticipate the lull won\u2019t last for long.<\/p>\n

THE BIG STORY TODAY<\/strong><\/p>\n

<\/a> It hasn\u2019t happened yet, but the big story here at home will most certainly be the outcome<\/strong> of the Central Bank of Egypt\u2019s Monetary Policy Committee meeting later today.<\/strong> The near-consensus among analysts and economists we surveyed<\/a> is that the MPC will raise interest rates today in a bid to tamp down inflation and stem portfolio outflows, with five of the seven penciling in a hike of up to 200 bps.<\/p>\n

^^We\u2019ll have chapter and verse<\/strong> on the CBE\u2019s decision and other stories in Sunday\u2019s edition of EnterpriseAM<\/strong>.<\/p>\n

HAPPENING NOW-<\/strong><\/p>\n

The Environment Ministry is holding a press conference to announce Egypt\u2019s National<\/strong> Climate Strategy for 2050<\/strong> alongside several other ministries, reports Masrawy<\/a>. The conference will go into depth about the goals of the strategy and how it will be implemented.<\/p>\n

What can we expect from the National Climate Strategy? <\/strong>The strategy includes several areas of focus to help Egypt adapt and mitigate climate change. Some USD 211 bn have been earmarked for mitigation strategies while USD 113 bn will be spent through 2050 for climate adaptation. The five goals of the strategy include promoting sustainable economic growth and reducing emissions in various sectors, building resilience and adaptability, improving governance and management across climate change-involved sectors, improving infrastructure and providing financing, and strengthening scientific research and technology transfer in environmental areas, outlines a document (pdf)<\/a> released by the Environment Ministry.<\/p>\n

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** CATCH UP QUICK<\/strong> on the top stories from today\u2019s EnterpriseAM<\/strong>:<\/p>\n