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EBRD, EU and GCF boost green finance in Egypt

2 mins read

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD), the European Union (EU) and the Green Climate Fund (GCF) are responding to the impact of the coronavirus pandemic on the Egyptian economy by boosting green finance and the development of value chains for the private sector. Working with the EBRD’s local partner banks, two programmes cumulatively worth €220 million will offer sub-loans to businesses for green investments in energy, water and resource-efficient solutions. The programmes are complemented by EU grants of more than €30 million and GCF concessional co-financing as well as technical assistance of up to US$ 24 million. The newly launched Green Value Chain programme, with…

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EBRD, EU and GCF boost green finance in Egypt

2 mins read

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD), the European Union (EU) and the Green Climate Fund (GCF) are responding to the impact of the coronavirus pandemic on the Egyptian economy by boosting green finance and the development of value chains for the private sector. Working with the EBRD’s local partner banks, two programmes cumulatively worth €220 million will offer…