Egypt looks to green bonds to fund projects

The outbreak of the COVID-19 pandemic has spurred green bond issuances in emerging markets with countries turning to debt to help fund their recoveries from the economic fallout
Egypt is one of these countries that have tapped into these bonds and issued its first sovereign green bond in September, which was the first ever in the region
As Yasser Hakim reports, the $750 million bond, which attracted significant interest from Europe and the US, would go towards funding a series of sustainable projects in the country.

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