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Funding shortfall risks putting World Food Program’s refugee support on hold as early as August
WFP needs USD 21 mn to maintain food assistance for 235k refugees in Egypt throughout the year
EBRD, Banque Misr ink USD 100 mn sustainability-linked loan
The facility will support on-lending to women-led MSMEs, provide affordable housing finance, and expand Banque Misr’s green lending portfolio
We’re going to need USD 324 bn in climate financing to hit our nationally determined contributions for 2030
Available funding only amounts to USD 76 bn, leaving a financing gap of USD 248 bn
The private sector now gets the lion’s share of Egypt’s development finance
Over the past five years, the private sector received over USD 15.6 bn in concessional funding
EU’s EUR 1.8 bn investment guarantee mechanism to mobilize EUR 5 bn in investments through 2027 launched
The mechanism will be accessible via the Hafiz platform
Egypt, Germany sign EUR 118 mn financing agreement
The two sides also signed a EUR 21 mn debt swap agreement
AAIB inked EGP 150 mn financing agreement with MSMEDA
DEVELOPMENT FINANCE- AAIB backs SMEs in Egypt via EGP 150 mn facility: The Arab African International Bank (AAIB) inked a…
AIIB to provide Egypt with USD 300 mn in budget support
The agreement is expected to be finalized by June
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