Debt Swap
The Egyptian government plans to introduce new initiatives aimed at exchanging debt for investments in sustainable development and green transformation, as announced in a statement from the Ministry of Finance today.
Kouchouk highlighted that the discussions — which have not yet been disclosed — include swapping debt for investments in clean energy and human development.
Al-Mashat added that the target related to increasing the percentage of renewable energy in the energy mix to 42 percent by 2030, instead of 2035, was approved.
Minister Al- Mashat meets the new German Ambassador to Egypt to discusses areas of cooperation.
