Egypt's Ministry of Finance reported that Finance Minister Ahmed Kouchouk discussed expanding cooperation with Standard Bank on sustainable finance, green bonds and support for Egyptian exports to African markets. The discussions took place during a meeting with the bank's chief executive for the Middle East and North Africa on the sidelines of a climate conference in Turkey.
Financing priorities include renewable energy projects and partnerships that support higher productivity and lower emissions. Kouchouk also highlighted expanding financing for strategic infrastructure, transport and energy projects in partnership with the private sector. More innovative financing mechanisms for development projects would seek to increase participation by investors and international financial institutions.
On trade, the focus is on securing more competitive financing for Egyptian exports and improving their access to African markets. Greater use of Standard Bank's African network would help facilitate trade and expand investment and export opportunities from Egypt across the continent.