The forum was opened by Dr. Mostafa Madbouly, Prime Minister of the forum, with the participation of a large number of people, including: ministers, officials, heads of various economic and regulatory bodies, and leaders of major companies operating in various economic activities.
The investment plan includes 7 core areas: clean transportation, environmental improvement, agriculture, irrigation, industry, housing, energy and education
The EBRD elaborated that the loan follows the success of the Green Economy Financing Facility (GEFF) in Egypt, and will support an expansion of green lending in Egypt to under-served regions for investments in climate change mitigation and adaptation technologies and services.
So if you are about to start participating in this type of investment, whether you are an individual, an organization or a company, you need to know these details.
The financing facilities will be used in financing environmentally compatible projects and the general budget.
EBRD clarified that the loan, which includes $ 7.5 million of concessional finance from the Green Climate Fund, will be used for on-lending to households and local small and medium-sized enterprises (SMEs).
Egypt has set a number of green projects to accomplish within its Vision 2030.