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Asharq Al-Awsat
Asharq Al-Awsat
Business
Cairo - Asharq Al-Awsat

Egypt Seeks to Reduce African Countries’ Debts via ‘Green Investment’

The Egyptian Finance Minister met on Tuesday counterparts from Austria, the Netherlands, and Greece, and the Mexican and Indonesian deputy finance ministers (Asharq Al-Awsat)

Egyptian Finance Minister Mohamed Maait has said Cairo intended to announce initiatives to reduce the debts of developing and African countries.

Such an objective could be reached by reinforcing funding opportunities that motivate green transformation, reducing harmful emissions, relying on clean energy, and ensuring cooperation among giant funding institutions to find solutions to reduce the debts of emerging economies.

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