Across the Middle East and North Africa, Egypt and its banks boast august credentials when it comes to climate and sustainability. But frameworks and agreements are one thing, creating substantive change across an entire financial sector is quite another.
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Hala El Said, Egypt’s minister of planning and economic development, is one of eight women in the country s 32-member Cabinet. She is also chairperson of Egypt s sovereign wealth fund.
The 63-year-old was selected as the best minister in the Arab world in November under the Arab Government Excellence Award, launched by the UAE in 2019 in partnership with the Arab League.
“Today the best minister in the Arab world is female and we chose her because she is really good in what she does,” Mohammed Al Gergawi, UAE Minister of Cabinet Affairs, said at the time.
Ms Said has set a target to boost female workforce participation in Egypt to 40 per cent by 2030. Only about a quarter of women are in the country’s labour market, according to the World Economic Forum’s Global Gender Gap 2020 report.