Al-Mashat witnesses the launch of the second phase of the Green Economy Financing Program
Tuesday، 31 January 2023 - 02:32 PM
International Cooperation Minister Rania el-Mashat said that the constructive partnerships with the European Union for reconstruction and development aim at supporting the developmental efforts at the governmental and private levels via easy developmental funds, technical support and consultations.
This came in Mashat’s word during a conference on supporting transition to green sustainability in Egypt held by European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) to launch the Green Economy Financing Facility (GEFF).
Mashat said that in the second stage of the program of financing the green economy, easy-term finance will be available for the private sector to boost its competitiveness ability and increase its investments in micro, small and medium enterprises in addition to providing all technical support to boost comprehensive and sustainable growth for these projects.
The program, launched by the EBRD, the EU and the GCF on Monday, is the result of cooperation between the EBRD and the French Development Agency (AFD) and European Investment Bank to support growth and the green transition in Egypt and face the repercussions of climate change and its negative impact on the environment, she said.