The European Bank for Reconstruction and Development (EBRD), the Agence Française de Développement (AFD) and the European Investment Bank (EIB) will launch their new Green Economy Financing Facility (GEFF) for Egypt at a conference in Cairo.
The conference be will be addressed by key note speakers including Janet Heckman, EBRD Managing Director for the southern and eastern Mediterranean (SEMED), H.E. Tarek Qabil, Egypt’s Minister of Trade & Industry (tbc) and H.E. Dr Sahar Nasr, Egypt’s Minister of Investment and International Cooperation (tbc) and Reinhold Brender, Deputy Head, EU Delegation to Egypt.
Under the GEFF programme, loans backed by grants from the European Union are provided via banks for energy efficiency and small-scale renewable energy investments by private companies in Egypt. Similar programmes to deliver climate finance programmes via the banking sector have already been successfully rolled out in many other EBRD countries of operations.
The conference in Cairo will include two panel discussions: one on the role of financial institutions and donors promoting business growth via the green economy moderated by Mike Taylor, Director Financial Institutions SEMED, EBRD, and one on the public institutions and businesses, moderated by Terry McCallion, Director, Energy Efficiency and Climate Change Unit, EBRD.