{"id":76660,"date":"2023-03-27T02:00:46","date_gmt":"2023-03-27T02:00:46","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypt-secures-usd-7-bn-world-bank-loan-to-boost-climate-resilience-private-sector-growth\/"},"modified":"2023-03-27T02:00:46","modified_gmt":"2023-03-27T02:00:46","slug":"egypt-secures-usd-7-bn-world-bank-loan-to-boost-climate-resilience-private-sector-growth","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypt-secures-usd-7-bn-world-bank-loan-to-boost-climate-resilience-private-sector-growth\/","title":{"rendered":"Egypt secures USD 7 bn World Bank loan to boost climate resilience + private-sector growth"},"content":{"rendered":"

<\/a> The World Bank will lend Egypt USD 7 bn over the next five years to support <\/strong>climate action,<\/strong> among other objectives<\/strong>, according to a statement<\/a> released last week. The Country Partnership Agreement, approved by the bank\u2019s executive board last week, will see the International Bank for Reconstruction and Development (IBRD) extend USD 1 bn a year through to 2027 and the International Finance Corporation (IFC) lend USD 2 bn for the same duration.<\/p>\n

Targets: <\/strong>The agreement looks to achieve its goals by upscaling the country\u2019s climate mitigation and adaptation capacity, creating more and better private-sector jobs, and improving the provision of health and education services.<\/p>\n

It\u2019s been two years since Egypt\u2019s last Country Partnership Framework (CPF) ended:<\/strong> The country\u2019s previous CPF initially covered 2015-2019, and was extended<\/a> for an additional two years to end in 2021. It included a total of USD 8 bn of WB financing \u2014 of which USD 6 bn was allocated from the IBRD and, again, USD 2 bn from IFC.<\/p>\n

More WB funding coming Egypt\u2019s way: <\/strong>Egypt is set to receive a USD 9.13 mn<\/a> grant from the World Bank to tackle the management of e-waste and healthcare waste disposal systems. The grant \u2014 disbursed by the lender\u2019s Global Environment Facility \u2014 will be used to improve waste management in healthcare and e-waste in a bid to reduce the release of Unintentional Persistent Organic Pollutants.<\/p>\n","protected":false},"excerpt":{"rendered":"

The World Bank will lend Egypt USD 7 bn over the next five years to support climate action, among other objectives, according to a statement released last week. The Country Partnership Agreement, approved by the bank\u2019s executive board last week, will see the International Bank for Reconstruction and Development (IBRD) extend USD 1 bn a […]<\/p>\n","protected":false},"author":1,"featured_media":76661,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[443],"tags":[531,11,164,162,1526,161],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-finance","tag-climate-finance","tag-enterpriseclimate","tag-green-finance","tag-ifc","tag-international-bank-for-reconstruction-and-development","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"d2993aac-8f15-4ae3-9407-02c899e1b390","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/3\/422.jpg","photo_position":"above","related_issue":[76651],"teaser":"","voice_url":""},"yoast_head":"\nEgypt secures USD 7 bn World Bank loan to boost climate resilience + private-sector growth - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypt-secures-usd-7-bn-world-bank-loan-to-boost-climate-resilience-private-sector-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt secures USD 7 bn World Bank loan to boost climate resilience + private-sector growth\" \/>\n<meta property=\"og:description\" content=\"The World Bank will lend Egypt USD 7 bn over the next five years to support climate action, among other objectives, according to a statement released last week. 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