Egypt mulls local issuance of green bonds, sukuk in EGP

$Egypt\\'s pound notes are pictured in stacks of 100 as employees count money at an exchange office in downtown Cairo June 5, 2014. Amr Abdallah Dalsh$

Egypt's pound notes are pictured in stacks of 100 as employees count money at an exchange office in downtown Cairo June 5, 2014. Amr Abdallah Dalsh

During a press conference, Kouchouk stated that Egypt had already been affected by the current economic conditions as an emerging economy

Staff Writer, Arab Finance

August 6, 2024

PHOTO
Egypt's pound notes are pictured in stacks of 100 as employees count money at an exchange office in downtown Cairo June 5, 2014. Amr Abdallah Dalsh

The Egyptian Ministry of Finance is considering issuing green bonds and sukuk in Egyptian pound in the local market to fund the overall budget deficit, Asharq Business reported, citing Minister of Finance Ahmed Kouchouk.

During a press conference, Kouchouk stated that Egypt had already been affected by the current economic conditions as an emerging economy.

He added that the country is looking forward to benefiting from the current global decrease in commodity prices.

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