The African Development Bank is supporting Egypt's efforts to tap the Panda bond market to advance the renewable energy and sustainable water management sectors among others.
The Board of Directors of the African Development Bank Group has approved a Partial Credit Guarantee of $345 million equivalent in Renminbi to Egypt to increase access to the Panda bond market to finance green and social projects.Egypt - African Development Bank Approves $345 Million in Partial Credit Guarantees to Bolster Funding for Green and Social Initiatives.
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