Going green: How a landmark bond is supporting climate-friendly projects in Egypt
Автор: International Finance Corporation
Загружено: 2021-08-31
Просмотров: 55270
IFC invested $100 million in Egypt's first private sector green bond to help unlock finance for climate-smart projects, reduce greenhouse gas emissions, and support the country's transition to a greener economy. The bond, issued by Egypt's Commercial International Bank (CIB), the country's largest private bank, will help CIB increase lending to businesses that want to invest in eco-friendly initiatives, including green buildings, renewable energy, and energy efficiency. The debut issuance is an important milestone in a multi-year effort by the government, Egypt's private sector and IFC to grow Egypt's capital market for green finance in the country and to help close infrastructure financing gaps.
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