The Central Bank of Egypt hosted the training program on "Integrating Climate Risks into Micro and Macro Stress Testing for Central Banks", with the attendance of 25 participants representing 11 central banks from COMESA member states, in addition to a delegation from the COMESA Monetary Institute.
In a statement today, it clarified that the training activities, which lasted for five days at the headquarters of the Egyptian Banking Institute in Cairo, witnessed discussions, practical examples, and the sharing of experiences and expertise regarding climate risks and the impact of integrating them into micro and macro stress tests using econometric models, in addition to applications of these tests on credit risk, liquidity, climate change, and interbank contagion.
The program included specialized and interactive sessions delivered by lecturers from the Macroprudential Supervision Sector, the Off-Site Supervision Sector, and the Sustainability Department at the Financial Inclusion Sector of the Central Bank. These sessions addressed the theoretical and practical aspects of integrating climate risks into micro and macro stress testing frameworks, alongside discussing various experiences and practices and exchanging expertise among the participating central bank representatives regarding challenges associated with climate risks and their impacts on the banking sector and financial stability.
At the end of the program, a set of proposals and recommendations were formulated, which will foster a greater and deeper understanding of the impact of integrating climate risks into stress tests on the operations of central banks in COMESA countries, in preparation for discussing them at the level of central bank governors in their upcoming annual meeting scheduled to be held in Malawi in November 2026.
