CAIRO – 30 June 2021: The first half of 2021 witnessed multilateral and bilateral development partners financing private sector projects worth $1.9 billion, including $300 million in the energy and environment sectors, according to Minister of International Cooperation, Rania Al-Mashat, said. During her participation in the signing of the first green bond issuance for the private sector, the minister added that the International Finance Corporation is Egypt's main partner in financing directed to the private sector, with a value of $1.2 billion in various development sectors, infrastructure, education, health, mining, in addition to financial markets. Al-Mashat stressed the importance of this issuance, as it is the first participation of the private sector in this rapidly growing global market, which is estimated at more than one trillion dollars. She pointed out that the market for investment products aimed at sustainable development is growing steadily, with the increasing need to mobilize the capital necessary to achieve the goals of sustainable development 2030. And she continued: "According to the latest estimates, the value of investment products aimed at sustainable development has increased by more than 80% compared to 2019; these products include green bonds, social bonds, mixed sustainability bonds, and others."
