{"id":76963,"date":"2023-04-12T02:45:05","date_gmt":"2023-04-12T02:45:05","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/afd-upscales-egypts-climate-finance-strategy-with-eur-1-5-mn-grant\/"},"modified":"2023-04-12T02:45:05","modified_gmt":"2023-04-12T02:45:05","slug":"afd-upscales-egypts-climate-finance-strategy-with-eur-1-5-mn-grant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/afd-upscales-egypts-climate-finance-strategy-with-eur-1-5-mn-grant\/","title":{"rendered":"AFD upscales Egypt\u2019s climate finance strategy with EUR 1.5 mn grant"},"content":{"rendered":"

<\/a> Egypt receives AFD grant to develop climate finance strategy: <\/strong>The French Development Agency (AFD) will provide a EUR 1.5 mn grant to Egypt\u2019s Environment Ministry in a bid to develop the national banking sector\u2019s climate finance strategy, according to a ministry statement<\/a>.<\/p>\n

Not the first time: <\/strong>AFD provided the National Bank of Egypt with a EUR 101.5 mn financing package in 2022 to help it channel funds into renewable and clean energy projects under its Transforming Financial Systems for Climate (TFSC)<\/a> program. AFD is providing up to EUR 430 mn to finance renewable projects under TFSC, with the UN\u2019s Green Climate Fund co-financing with funds totaling EUR 213 mn.<\/p>\n

And there\u2019s a climate financing project in the works: <\/strong>Egypt\u2019s Environment Ministry, Foreign Ministry, and the United Nations Development Program established the \u201cTransforming Financial Systems for Climate in Egypt\u201d (TFSC Egypt), according to the statement. TFSC Egypt will help national banks adopt and implement financing frameworks for renewable energy projects and help banks integrate climate and identify climate risks when financing projects.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt receives AFD grant to develop climate finance strategy: The French Development Agency (AFD) will provide a EUR 1.5 mn grant to Egypt\u2019s Environment Ministry in a bid to develop the national banking sector\u2019s climate finance strategy, according to a ministry statement. Not the first time: AFD provided the National Bank of Egypt with a […]<\/p>\n","protected":false},"author":1,"featured_media":76964,"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":[531,40,11,1130,164,88],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-finance","tag-climate-finance","tag-egypt","tag-enterpriseclimate","tag-french-development-agency","tag-green-finance","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"bc57f01d-a985-4cfe-9f81-11c438cffc99","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/11\/434.jpg","photo_position":"above","related_issue":[76956],"teaser":"","voice_url":""},"yoast_head":"\nAFD upscales Egypt\u2019s climate finance strategy with EUR 1.5 mn grant - 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\/04\/12\/afd-upscales-egypts-climate-finance-strategy-with-eur-1-5-mn-grant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AFD upscales Egypt\u2019s climate finance strategy with EUR 1.5 mn grant\" \/>\n<meta property=\"og:description\" content=\"Egypt receives AFD grant to develop climate finance strategy: The French Development Agency (AFD) will provide a EUR 1.5 mn grant to Egypt\u2019s Environment Ministry in a bid to develop the national banking sector\u2019s climate finance strategy, according to a ministry statement. 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