A statement issued by AfDB said the Egyptian leader made the commendation when he received a delegation from the bank led by its President, Dr Akinwumi Adesina in Cairo.himself with preparations ahead of the Bank’s 2023 Annual Meetings scheduled for May 22 to May 26 in the resort city of Sharm El Sheikh.
He said the bank was closely working with Egypt to mobilise international climate financing to address the country’s climate challenges, building the resilience of vulnerable systems and promoting sustainable development. “The government of Egypt plans to issue a green bond in the Chinese capital markets by the end of June this year.“This will be the first time for an African country to issue a bond in the Chinese capital markets,” he said.
Adesina also commended Egypt for its commitment to increasing the role of the private sector in the economy. On additional financial support to Egypt in 2023, Adesina said the bank planned to provide 133 million dollars to deal with macroeconomic instability caused by the continuing global compounded crisis.
“The infrastructure you have developed in Sharm El Sheikh is amazing. Its world-class. The city constantly changes, putting green growth at the heart of its development.
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