Additional Finance for Green Stimulus in Egypt

The Green for Growth Fund, an impact investment fund targeted at mitigating climate change and promoting sustainable economic growth in various countries, has announced on 05. August to provide a top-up loan to Banque du Caire in Egypt. The additional USD 15 million will support financing energy efficiency and resource efficiency measures of small and medium size enterprises as well as corporates located in Egypt. The additional finance is meant to safeguard the bank´s lending operations and secure access to green finance for companies during straining economic times caused by the COVID-19 pandemic.