Arab FinanceAhmed Kouchouk, Minister of Finance, stressed that dealing with climate challenges requires concerted international effortsPrograms for soft financing Sustainable, explaining that “climate financing” requires international cooperation with an innovative vision and more responsive to basic needs.
The minister said, during his participation in the “Debt Sustainability” forum supported by the Egyptian Ministry of Finance and the United Nations Economic Commission for Africa on “Finance Day” at the COP29 climate conference in Azerbaijan, that the “Debt Alliance for Sustainable Development” that was launched at the Sharm Climate Conference The Sheikh can be part of the solution in the “climate finance” issue, calling on countries, financial institutions and the private sector to join this alliance. In a way that contributes to advancing the development path.
The minister added that financing gaps are widening in developing and African countries with increasing economic and social pressures, pointing out that we look forward to benefiting from “sustainable financing” tools in achieving climate and development goals in Africa, and exploring innovative financing mechanisms such as sustainability bonds and debt swaps for green investment.
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