EBRD, Green Climate Fund to extend USD 100 mn green loan to Egyptian SMEs: The European Bank for Reconstruction and Development and the Green Climate Fund are planning to extend a USD 100 mn credit line to help Egyptian SMEs participate in energy efficiency and climate projects, according to the local press. The funds will be channeled through a private finance initiative (PFI) that would lend to private sector SMEs looking to invest in sustainable energy sources and effective use of resources. The finance is expected to begin in 1Q2020 and last for 36 months.

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