Emerging markets should increasingly embrace sustainable finance solution to drive economic growth while addressing environmental and social challenges.

A key news during this week was made by Egypt's Arab African International Bank (AAIB), which recently issued a $500 million sustainability bond. This kind of issuance is the first in the country and the largest issued by a private bank in Africa.

As Tamer Waheed, AAIB’s Vice Chairman & Managing Director, pointed out “This bond is more than just a financial instrument; It is a strategic extension of our core business model, designed to seamlessly integrate sustainability into our business strategy.”