«Goals Egypt before climate summit » .. financing the green mandate in developing countries

  The Ministry of Finance offers ideas to reduce the costs of "green financing" in African and developing countries from the international financial markets.

"We will discuss with some finance ministers, heads of regional and international financing institutions and managers of the Global Banking Group, as they are concerned with climate financing issues, innovative financing tools, and mechanisms for dealing with sovereign debt, allowing additional sources to finance sustainable development."

He said that during the "financing day", the mechanisms for providing sustainable financing will be discussed with soft mechanisms for the purpose of combating climate changes, and a shift to the green economy, especially for developing and African countries.

The Minister of Finance explained that "climate financing" is a fundamental and influential issue in the speed of moving to an economy based on environmentally friendly activities, especially in light of the current global challenges that double the pressures on the emerging economies in developing and African countries.

He said, "We aim to enhance the role of the private sector in mobilizing and mobilizing the financial resources needed to finance environmentally friendly projects within our discussions of" innovative financing "issues and financing a fair transformation.