| We’ve been discussing China’s String of Pearls strategy in the Pacific for years, but this may be the first time their Greening the Belt & Road strategy has come up beyond the occasional report of Chinese road and port building in Pakistan. |
As the world’s leader in developing green financial products and standards, China is raising standards for international lending that could be transformational for countries like Egypt. Green finance refers to investments flowing into sustainable development projects and initiatives, environmental products and policies that encourage the development of a more sustainable economy.
Egypt has the opportunity to serve as the "hub" for the BRI in the Middle East and Africa. The Chinese have already designated it as one of the top five countries for mergers and acquisitions potential over the next five years. The two countries have also elevated their relationship to a "strategic partnership" that provides the political underpinning for what is a growing commercial relationship between them.