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Home News FRA Chairman , Governor of the CBE and Planning Minister Join Arab African Bank’s $500M Sustainability Bond Issuance

FRA Chairman , Governor of the CBE and Planning Minister Join Arab African Bank’s $500M Sustainability Bond Issuance

26 November 2024NewsMarrakech Pledge

Egypt reinforces its leadership in sustainable finance with the Arab African International Bank’s $500 million sustainability bond, supported by the IFC, EBRD, and BII. This initiative will fund green projects and SMEs, promoting a low-carbon economy in alignment with the Paris Agreement and Egypt Vision 2030. Dr. Mohamed Farid, FRA Chairman, highlights the critical role of collaborative efforts in driving a sustainable financial future for Egypt and Africa.

Read more : https://fra.gov.eg/en/fra_news/%d8%a7%d9%84%d8%af%d9%83%d8%aa%d9%88%d8%b1-%d9%85%d8%ad%d9%85%d8%af-%d9%81%d8%b1%d9%8a%d8%af-%d8%b1%d8%a6%d9%8a%d8%b3-%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a-15/

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The « Marrakech Pledge » for « Fostering Green Capital Markets in Africa » is a commitment by all African Capital Markets Regulators and Exchanges to act collectively in favor of sustainable development by enabling the establishment of Green Capital Markets in Africa with the aims to promote Africa as a prominent regional green financial marketplace and an attractive destination for green and climate-resilient investments.

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