The government offers 500 million dollars green bonds for the Egyptians

The government offers 500 million dollars green bonds for the Egyptians

Finance Minister Mohamed Maait said in media statements that Egypt is going through a difficult period amid global turmoil and huge external effects.

he added that the Minister of Finance is that global debates led to the high prices such as the price of a barrel of oil and the price of wheat, noting that the government is not a reason for increasing prices, but that the increase put it under pressure.

He explained: "We have a plan for the auto industry in Egypt with an estimated support of 3 billion dollars annually, and the citizen's import of an exceptional car and we are determined to be only 4 months and the new procedure is expected to attract about 500 thousand cars to Egypt within 4 months."

Maait explained that the government has a plan for the auto industry in Egypt with annual support estimated at 3 billion dollars annually the new procedure attracts about 500 thousand cars to Egypt within 4 months, and we cheat about 250 thousand cars annually.

Maait revealed that the government is preparing to offer green bonds of about $ 500 million during the current fiscal year that ends in June 2023, provided that global markets improve during that period.