{"id":562757,"date":"2021-06-06T04:00:23","date_gmt":"2021-06-06T04:00:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/more-green-lending-courtesy-of-the-ebrd\/"},"modified":"2021-06-06T04:00:23","modified_gmt":"2021-06-06T04:00:23","slug":"more-green-lending-courtesy-of-the-ebrd","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/more-green-lending-courtesy-of-the-ebrd\/","title":{"rendered":"More green lending, courtesy of the EBRD"},"content":{"rendered":"

<\/a> The European Bank for Reconstruction and Development (EBRD) will lend the <\/strong>National Bank of Egypt (NBE) USD 100 mn to on-lend to green projects<\/strong>, the EBRD said in a statement (<\/a>pdf<\/a><\/sup>).<\/a> The money will be used to help businesses make more efficient use of energy, water and land, as well as fund \u201chigh-performing technologies,\u201d the bank said. The state-owned bank will also benefit from the facility, which will see it work with the EBRD to improve climate corporate governance.<\/p>\n

This is the third loan the NBE has landed from the EBRD under a green economy financing facility<\/strong> set up by the EBRD, the European Investment Bank and the French Development Agency in 2017<\/a> to channel finance to green projects in Egypt. The EBRD had extended a USD 100 mn loan<\/a> to the bank in June 2020 to support SMEs facing liquidity issues due to covid-19, as well as another USD 100 mn increase to its trade finance program. The EBRD had previously provided a USD 150 mn loan for SMEs<\/a> in December 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"

The European Bank for Reconstruction and Development (EBRD) will lend the National Bank of Egypt (NBE) USD 100 mn to on-lend to green projects, the EBRD said in a statement (pdf). The money will be used to help businesses make more efficient use of energy, water and land, as well as fund \u201chigh-performing technologies,\u201d the […]<\/p>\n","protected":false},"author":1,"featured_media":562758,"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":[8114],"tags":[101,72,246,287],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smes","tag-development-finance","tag-enterpriseam","tag-green-economy","tag-smes","wpautop","entry"],"acf":{"mongo_id":"b581a1c9-94c2-46c6-9923-b024ec358949","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/6\/72.jpg","photo_position":"above","related_issue":[562741],"teaser":"","voice_url":""},"yoast_head":"\nMore green lending, courtesy of the EBRD - 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\/06\/06\/more-green-lending-courtesy-of-the-ebrd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More green lending, courtesy of the EBRD\" \/>\n<meta property=\"og:description\" content=\"The European Bank for Reconstruction and Development (EBRD) will lend the National Bank of Egypt (NBE) USD 100 mn to on-lend to green projects, the EBRD said in a statement (pdf). The money will be used to help businesses make more efficient use of energy, water and land, as well as fund \u201chigh-performing technologies,\u201d the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/more-green-lending-courtesy-of-the-ebrd\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-06T04:00:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/72.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/more-green-lending-courtesy-of-the-ebrd\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/more-green-lending-courtesy-of-the-ebrd\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"More green lending, courtesy of the EBRD\",\"datePublished\":\"2021-06-06T04:00:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/more-green-lending-courtesy-of-the-ebrd\/\"},\"wordCount\":173,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/more-green-lending-courtesy-of-the-ebrd\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/72.jpg?fit=%2C&ssl=1\",\"keywords\":[\"development finance\",\"EnterpriseAM\",\"Green Economy\",\"SMEs\"],\"articleSection\":[\"SMEs\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/more-green-lending-courtesy-of-the-ebrd\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/more-green-lending-courtesy-of-the-ebrd\/\",\"name\":\"More green lending, courtesy of the EBRD - 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