On July 27, 2018 Al Monitor reported that on July 18, Egypt’s financial regulator approved “a legal framework for issuing green bonds, with the aim of providing financial tools to fund eco-friendly projects in the fields of new and renewable energy, construction and transport.
‘[We] will unveil regulations and measures necessary for the issuance of green bonds in accordance with the best international applications, as part of a partnership with the International Financial Corporation [IFC] and in tandem with the principles of issuing green bonds released by the International Capital Market Association,’ said Mohammed Omran, head of the Egyptian Financial Supervisory Authority.”
Subscribers may read the article on the Al Monitor internet site.