Egypt’s Sustainable and Green Investments Market Signals Momentum: Ministry of Finance

Sustainable investment has played a strong role in Egypt’s economic growth, seeing green investments reach around 30% of the 2022 budget, as highlighted by the country’s Minister of Finance (MoF), Mohamed Maait at the Egypt Petroleum Show (EGYPS 2022) held from the 14th to 16th of February 2023.

Why it Matters?

The MoF, in line with its goals to diversify its resources, issued its first green loan from a number of international and commercial banks, valued at USD 1.5 billion, receiving strong demand. Further, the first annual allocation and environmental impact report by the MoF for the 15 national green projects financed through green bonds proceeds was made available to the public in November of 2021. As per the report, green transportat...