( 3 minutes read)
· In the first half of 2021, Egypt has witnessed an increase in the flow of multilateral and bilateral development financing private sector projects by development partners
· An investment of US$1.9 billion, including US$300 million in the energy and environment sectors, has come to the north African country, according to Minister of International Cooperation, Rania Al-Mashat
· The value of investment products aimed at sustainable development has increased by more than 80% compared to 2019, according to some estimates
In the first half of 2021, Egypt has witnessed an increase in the flow of multilateral and bilateral development financing private sector projects by development partners. An investment of US$1.9 billion, including US$300 million in the energy and environment sectors, has come to the north African country, according to Minister of International Cooperation, Rania Al-Mashat.
The minister added that the International Finance Corporation is Egypt’s main partner in financing in the private sector. It had invested US$1.2 billion in various development sectors, infrastructure, education, health, mining, in addition to financial markets. Some of these investments are in the green projects, which would significantly reduce carbon emission. Egypt, the minister, observed, was increasingly getting integrated into the global market.
The value of investment products aimed at sustainable development has increased by more than 80% compared to 2019, according to some estimates. These products include green bonds, social bonds, mixed sustainability bonds, and others. These products are common means of financing and investment in sustainability, environment, social impact
and governance.
