Green Economy Financing Facility in Egypt

The European Bank for Reconstruction and Development (EBRD), the Agence Française de Développement (AFD), the European Investment Bank (EIB) and the EU launched their new Green Economy Financing Facility (GEFF) for Egypt during an event in Cairo attended by more than 250 participants, including government officials and representatives from the banking sector, business community, international institutions and civil society.

The EBRD's new €140 million programme for Egypt will provide loans for energy efficiency and small-scale renewable energy investments by private companies through a group of participating banks, with the aim of also achieving energy security.