Countries need innovate finance tools and executive programs to keep abreast of social and economic circumstances in order to maximize providing fair financing, containing climate changes and adapting with their bad impacts, in addition to providing food and fuel, he added.

During a session on the sidelines of meetings of the International Monetary Fund and the World Bank in Washington on Saturday, Maait said that finance gaps are widening in developing countries, which necessitates offering the optimum financing to such countries to help them face high public debt rates.

The minister said "we are looking forward to officially launching the coalition of sustainable debts in Egypt in September in order to boost green growth and overcome any environmental challenges and pumping extra green investments. "

He added that 20 countries stressed desire to join the coalition in order to give momentum to climate and developmental action.