Egypt: African Development Bank Approves $345 Million In Partial Credit Guarantees To Bolster Funding For Green And Social Initiatives.
The African Development Bank Group has approved a $345 million Partial Credit Guarantee to Egypt, facilitating access to the Panda bond market for financing green and social projects. This move allows Egypt to raise $500 million in the Chinese yuan-denominated bond market. The bond proceeds will be directed towards clean transportation, renewable energy, and energy…
