Egypt’s Finance Minister announced that the country is planning to issue new green bonds and Sukuk by the end of the fiscal year. This move is part of Egypt’s efforts to promote sustainable financing and attract investment in environmentally-friendly projects. Green bonds are used to fund projects that have positive environmental impacts, while Sukuk are Islamic bonds that comply with Sharia law. Egypt’s decision to issue these types of bonds shows its commitment to sustainable development and diversifying its sources of funding. The Finance Minister’s announcement is a positive step towards achieving economic growth while also addressing environmental issues.
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