Egypt’s green bond is part of the country’s innovative debt management strategy that aims to diversify its investor base, while shifting to longer-term borrowing. The plan is for long-term debt to constitute 52% of its borrowing by mid-2022. The government has regularly issued in USD and EUR, and is working to make its local currency debt more appealing and more easily cleared. It has also signalled its intention to soon add sukuks to its portfolio.