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Tuesday, 20 September 2022

Green finance + debt discussed on the talk shows for a second night running

No single story dominated airwaves yesterday, with talking heads devoting coverage to an assortment of issues from Egypt’s debt levels to more details on the Smart Green Governorates initiative.

The Smart Green Governorates initiative received more coverage, with the initiative’s coordinator, Hisham Badr, telling Kelma Akhira (watch, runtime: 2:27) that 162 projects selected out of 5.4k bids would be presented at a national conference by the end of October for the private sector. “We will then select 18 projects represented under the initiative’s six categories to be presented at COP27 in November to vie for [international] funding,” he said.

Ala Mas’ouleety’s Ahmed Moussa took it on himself to assure citizens that the government’s rising debt levels remain safe, despite investor unease about the possibility of default. A day after former PM Hazem El Beblawy appeared on his show to warn about the country’s indebtedness, Moussa sang from the same hymn sheet as the Finance Ministry, which yesterday released an infograph to fight what it called “false rumors” about the country’s debt levels (watch, runtime: 11:25).

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