Continuing its leading role in achieving integration among African central banks, and as part of its ongoing cooperation with the COMESA Monetary Institute (CMI), the Central Bank of Egypt (CBE) hosted a training program on "Incorporating Climate Risks in Micro and Macro Stress Testing for Central Banks". It was attended by 25 participants representing 11 central banks from COMESA member states, as well as a CMI delegation.

The training, which ran for five days at the headquarters of the Egyptian Banking Institute in Cairo, featured discussions, practical examples and the sharing of experience and expertise on climate risks and the impact of incorporating them into micro and macro stress tests using standard models. It also covered applications of these tests to credit, liquidity, climate change and interbank contagion risks.

The program included specialised, interactive sessions delivered by lecturers from the CBE's Macroprudential Sector, Offsite Supervision Sector and the Sustainability Department of its Financial Inclusion Sector. The sessions addressed the theoretical and practical aspects of integrating climate risks into micro and macro stress-testing frameworks, alongside discussion of different experiences and practices and an exchange of expertise among the participating central banks' representatives on the challenges posed by climate risks and their effects on the banking sector and financial stability.

At the end of the program, a set of proposals and recommendations was drawn up to support a broader and deeper understanding of how incorporating climate risks into stress tests affects the work of COMESA central banks. They will be discussed at the level of central bank governors at their next annual meeting, scheduled to be held in Malawi in November 2026.