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Egyptian regulator cuts sustainable securities fees
The Egyptian General Authority for Financial Control has issued a decision to reduce the fee for examining and studying applications for issuing securities related to sustainable development by 50%. This move aims to encourage institutions to issue funding bonds for projects with environmental and social objectives in line with Egypt Vision 2030. The reduction applies to all relevant types of bonds, such as sustainable development bonds, climate bonds, social bonds, and other financial instruments that contribute to financing green projects, supporting women, reducing carbon emissions, and promoting sustainable development overall. This measure aligns with recent amendments to the Capital Market Law regulations to enhance financing aimed at achieving social and environmental goals, and to facilitate funding for projects that improve quality of life and mitigate negative environmental impacts.
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