Public Management(Ecofin Agency) - In partnership with the AfDB, Egypt is readying itself for the issuance of the first African Panda Bonds. This is the first step in the AfDB’s efforts to facilitate the mobilization of climate financing for African countries. Thanks to the AfDB’s support, Egypt is about to become the first African country to issue Panda Bonds on the Chinese market. Since 2020, when it issued the first green bond in the Middle East and North Africa (MENA) region, Egypt has demonstrated its commitment to sustainable and green bond markets. To further strengthen this commitment, the Egyptian Ministry of Finance established the country's Sustainable Finance Support System (SSFF) in 2022, just before COP-27 in Sharm el-Sheikh.

Source: The North Africa Journal May 24, 2023 02:41 UTC