The Egyptian Finance Ministry launched its new framework for issuing sustainable sovereign debt, according to a ministry statement.

The framework allows adding new categories of green projects with a social dimension to Egypt's sustainable portfolio.

It will also determine the government's environmental and social priorities allowing the issuance of green, blue, social, and sustainable bonds.

Finance Minister Mohamed Maait commenting on the launch: “The Sovereign Sustainable Financing Framework defines the government’s environmental and social priorities, and represents a new step to maintain Egypt’s leading position in the field of innovative climate financing, social and economic development in Africa and the Middle East.”

Ahmed Kouchouk, Vice Minister for Financial Policies, and Institutional Reform indicated that the sustainable financing framework of Egypt covered 10 axes: “clean transportation, basic affordable infrastructure, new and renewable energy, pollution prevention and control, adaptation to climate change, energy efficiency, sustainable water, and wastewater management, access to basic services, social and economic progress and empowerment, and basic infrastructure at reasonable prices.”

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