{"id":557576,"date":"2021-09-23T03:52:57","date_gmt":"2021-09-23T03:52:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/23\/ebrd-pledges-nearly-usd-1-bn-increase-in-green-cities-investments-worldwide\/"},"modified":"2021-09-23T03:52:57","modified_gmt":"2021-09-23T03:52:57","slug":"ebrd-pledges-nearly-usd-1-bn-increase-in-green-cities-investments-worldwide","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/23\/ebrd-pledges-nearly-usd-1-bn-increase-in-green-cities-investments-worldwide\/","title":{"rendered":"EBRD pledges nearly USD 1 bn increase in Green Cities investments worldwide"},"content":{"rendered":"

The European Bank for Reconstruction and Development (EBRD) will nearly <\/strong>double its \u201cpriority investments\u201d in its Green Cities program to around EUR 1.9 bn by end-2023<\/strong>, up from EUR 1.01 bn as of this August, according to a statement.<\/a> Under the newly announced Green Cities Compact, the European development bank will also increase the number of action plans in place for the cities in its flagship urban greening program to 50 in the same period, up from a current 19.<\/p>\n

Does this mean more green funding for Egypt? <\/strong>The statement gave few details on exactly how and where the funding will be allocated, but in theory this could mean additional money for sustainable infrastructure in Cairo, Alexandria and Sixth of October, all of which are members of the Green Cities initiative. Cairo<\/a> and Alexandria joined the initiative in 2019 and both have Green City Action Plans (GCAPs) in place, while the Sixth of October GCAP is still in development after the city signed up<\/a> earlier this year.<\/p>\n

Two projects in Egypt are currently in line for Green Cities funding<\/strong>: The bank recently signed off on the EUR 25 mn loan<\/a> that will help finance the construction of the Sixth of October Dry Port, while a EUR 250 mn facility<\/a> to fund the upgrade and electrification of the Abu Qir metro in Alexandria is pending approval.<\/p>\n

This is the second Green Cities funding pledge this month:<\/strong> Earlier this month, the EBRD said it would add an additional EUR 2 bn<\/a> to its Green Cities Framework 2 Window 2<\/a>, bringing the program\u2019s total funds to EUR 3.65 bn.<\/p>\n

IN OTHER EBRD NEWS- <\/strong>CI Capital\u2019s microfinance arm Reefy has secured EGP 80 mn in development finance from an EBRD program for women in business, International Cooperation Minister Rania Al Mashat said in a cabinet statement<\/a>. The lender will allocate the money to Egyptian women-led MSMEs, who will also receive technical and business support through the scheme, the statement read.<\/p>\n

IN OTHER CLIMATE NEWS-<\/strong> Egypt is planning to produce a report on how climate <\/strong>change is impacting the country<\/strong>, and the international cooperation and environment ministries are in talks with the World Bank to help with the data collection and research process, according to a cabinet statement<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The European Bank for Reconstruction and Development (EBRD) will nearly double its \u201cpriority investments\u201d in its Green Cities program to around EUR 1.9 bn by end-2023, up from EUR 1.01 bn as of this August, according to a statement. Under the newly announced Green Cities Compact, the European development bank will also increase the number […]<\/p>\n","protected":false},"author":1,"featured_media":557577,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[8122],"tags":[93,72,246,7111,493,368],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sustainability","tag-energy","tag-enterpriseam","tag-green-economy","tag-infrastructure","tag-sdgs","tag-sustainability","wpautop","entry"],"acf":{"mongo_id":"36036f48-aa17-4d52-9868-f55bc0920b8e","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/9\/332.jpg","photo_position":"above","related_issue":[557561],"teaser":"","voice_url":""},"yoast_head":"\nEBRD pledges nearly USD 1 bn increase in Green Cities investments worldwide - EnterpriseAM Egypt<\/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\/egypt\/2021\/09\/23\/ebrd-pledges-nearly-usd-1-bn-increase-in-green-cities-investments-worldwide\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD pledges nearly USD 1 bn increase in Green Cities investments worldwide\" \/>\n<meta property=\"og:description\" content=\"The European Bank for Reconstruction and Development (EBRD) will nearly double its \u201cpriority investments\u201d in its Green Cities program to around EUR 1.9 bn by end-2023, up from EUR 1.01 bn as of this August, according to a statement. 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The funds will be lent on to Egyptian SMEs and individual households to\u2026","rel":"","context":"In "Green economy"","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/143.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596689,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/cairo-becomes-30th-city-to-participate-in-ebrd-urban-sustainability-program\/","url_meta":{"origin":557576,"position":2},"title":"Cairo becomes 30th city to participate in EBRD urban sustainability program","author":"enterpriseam admin","date":"4 July 2019","format":false,"excerpt":"Cairo becomes 30th city to participate in EBRD urban sustainability program: Cairo has signed on to participate in the European Bank for Reconstruction and Development\u2019s (EBRD) EUR 1 bn urban sustainability program, EBRD Green Cities, making it the 30th country to join the initiative, according to an EBRD statement. \u201cAll\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573217,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/ebrds-investments-in-egypt-nearly-triple-y-o-y-in-1h2020-to-eur-459-mn\/","url_meta":{"origin":557576,"position":3},"title":"EBRD\u2019s investments in Egypt nearly triple y-o-y in 1H2020 to EUR 459 mn","author":"enterpriseam admin","date":"26 July 2020","format":false,"excerpt":"EBRD\u2019s investments in Egypt nearly triple y-o-y in 1H2020 to EUR 459 mn: The European Bank for Reconstruction and Development (EBRD) has invested EUR 459 mn in Egypt during the first six months of 2020 \u2014 nearly triple the EUR 166 mn it doled out during the same period last\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555413,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/14\/more-green-finance-for-smes-courtesy-of-the-ebrd\/","url_meta":{"origin":557576,"position":4},"title":"More green finance for SMEs, courtesy of the EBRD","author":"enterpriseam admin","date":"14 November 2021","format":false,"excerpt":"Banque Misr in line for more EBRD climate financing: The European Bank for Reconstruction and Development (EBRD) could soon sign off on a USD 100 mn facility to state-owned Banque Misr to finance local SMEs working on green projects, according to the lender\u2019s website. The state-owned bank will on-lend the\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561825,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/22\/ebrd-has-lots-in-the-pipeline-for-egypt\/","url_meta":{"origin":557576,"position":5},"title":"EBRD has lots in the pipeline for Egypt","author":"enterpriseam admin","date":"22 April 2021","format":false,"excerpt":"Fresh investment and cooperation in Egypt\u2019s development projects are coming from the European Bank for Reconstruction and Development (EBRD) to continue supporting the government\u2019s Egypt Vision 2030. That was the main takeaway from EBRD President Odile Renaud-Basso\u2019s meeting yesterday with President Abdel Fattah El Sisi.Renaud Basso told El Sisi EBRD\u2026","rel":"","context":"In "Development finance"","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/228.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=557576"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557576\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/557561"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/557577"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557576"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=557576"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=557576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}