Egypt’s CIB to Issue $100 Million In Green Bonds

green bonds egypt finance ifc
Egypt

Egypt’s CIB to Issue $100 Million In Green Bonds

The International Finance Corporation (IFC) is expected to guarantee the full value of the issue.

"We have been working closely with Egyptian regulators to develop green bonds and refine their legislations, " IFC's Country Manager for Egypt, Yemen and Libya Walid Labadi told Asharq.

"Having this tool gives investors options to put their money in assets and investments that promote green principles," he said. "This will attract more investments to Egypt and give it an opportunity to develop sustainable developments in the country."

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