Green Recovery
Egypt seeks to pave the way for greater private and local sectors involvement in the eco-friendly investments, added the minister.
Egypt’s President Abdel-Fattah El-Sisi said green recovery has become a pressing necessity and a top priority for world governments currently, as he gave a speech during the firsy edition of Egypt's International Cooperation Forum (ICF)
The European Bank for Reconstruction and Development (EBRD) has praised Egypt’s Green Recovery strategy and welcomed joint cooperation to discover opportunities in Africa.
“The potential for a green recovery and environmentally conscious investments are finding their way into the spotlight, which pushes for a globalized agenda as ESG principles are now rules that all governments and companies must follow."
The Ministry of Finance launched the green bonds to encourage the private sector to invest in green projects, besides funding the green businesses by the state.
The website is an online platform for sustainable and resilient recovery from COVID-19.
Amid the COVID- 19 crisis, Egypt has included, in its economic program, plans for a green recovery.
