He said: “The international financial architecture is facing a set of challenges as it was designed at a time when neither climate risks nor inequalities were considered as the main impediments to development. “We also look forward to deepening sustainable borrowings in the form of blended finance mechanisms in addition to aligning private capital and public goods through Public Private Partnerships. He also praised the recent launch of the historic Global Sustainable Hybrid Capital by the AfDB, an exemplary initiative optimising resources. He said: “A key highlight in this regard is the launch of the historic Global Sustainable Hybrid Capital of the AfDB early this year, which is a leading example in optimizing MDBs’ resources. Egypt and AfDB have been close partners since the Bank’s inception, and we will remain supportive of the AfDB’s continuous efforts across all streams.

Source: Daily News Egypt June 02, 2024 18:33 UTC