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Speaking at the Middle East Green Initiative Summit in Riyadh, she said Egypt spent 447 billion Egyptian pounds on 691 green projects in different sectors during the current fiscal.
Egypt also became the first country to issue green government bonds in September 2020.
“We issued $750 million in five-year green bonds in order to focus on the climate change projects in transport and sanitation sectors,” the minister said.
Fouad said the Egyptian government is taking measures to change the overall investment environment by not just only supporting the private sector but also focussing on the banking sector to encourage it to adopt sustainable financing principles.
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