{"id":654019,"date":"2024-10-27T00:00:00","date_gmt":"2024-10-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/27\/egypt-is-in-line-for-funds-from-the-green-climate-fund\/"},"modified":"2024-10-27T00:00:00","modified_gmt":"2024-10-27T00:00:00","slug":"egypt-is-in-line-for-funds-from-the-green-climate-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/27\/egypt-is-in-line-for-funds-from-the-green-climate-fund\/","title":{"rendered":"Egypt is in line for funds from the Green Climate Fund"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Green Climate Fund approves some USD 2.7 bn in funds for three programs in <\/strong><strong>Egypt and other countries: <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.greenclimate.fund\/#\" style=\"\" rel=\"noopener\">Green Climate Fund<\/a> has approved funding proposals for three multi-country sustainable development programs, unlocking USD 2.7 bn for programs across 14 countries \u2014 with Egypt set to be included in all three, according to an Environment Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0cMsPSyXLBQVhHatiZ4FrpDYdLyMme7PJrZNw1Bp2Q2mNfF16uRUqmkX3gaRpQiD2l\" style=\"\" rel=\"noopener\">statement<\/a>. The funding includes:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- USD 1.3 bn for greening financial systems in 14 countries<\/strong> across Asia and Africa. This funding will help participating countries unlock access to green financial products and technical support grants.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- USD 1.3 bn for expanding water resilient infrastructure<\/strong> <strong>across 14 countries, <\/strong>which will disburse funds for high-tech and energy efficient improvements to water infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- USD 130 mn for an investment fund for resilient agriculture<\/strong> <strong>in 10 African countries, <\/strong>which will fund small farmers\u2019 adoption of \u201cclimate-smart solutions\u201d and ensure they have access to ins., infrastructure investment financing, and more sustainable inputs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p class=\"tag-border-left\">SOCIAL HOUSING FUND WANTS MORE FROM THE WORLD BANK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Social Housing Fund mulls additional USD 200 mn from World Bank:<\/strong> The Housing Ministry\u2019s Social Housing and Mortgage Finance Fund is considering increasing its World Bank loan by USD 200 mn by December 2025 \u2014 bringing the total value of its loan to USD 1 bn, CEO May Abdel Hamid said in statements picked up by <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d8%b5%d9%86%d8%af%d9%88%d9%82-%d8%a7%d9%84%d8%a5%d8%b3%d9%83%d8%a7%d9%86-%d8%a7%d9%84%d8%a7%d8%ac%d8%aa%d9%85%d8%a7%d8%b9%d9%89-%d9%8a%d8%b3%d8%b9%d9%89-%d9%84%d8%b2%d9%8a%d8%a7%d8%af%d8%a9-%d9%82\/\" style=\"\" rel=\"noopener\">Al<\/a><a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d8%b5%d9%86%d8%af%d9%88%d9%82-%d8%a7%d9%84%d8%a5%d8%b3%d9%83%d8%a7%d9%86-%d8%a7%d9%84%d8%a7%d8%ac%d8%aa%d9%85%d8%a7%d8%b9%d9%89-%d9%8a%d8%b3%d8%b9%d9%89-%d9%84%d8%b2%d9%8a%d8%a7%d8%af%d8%a9-%d9%82\/\" style=\"\" rel=\"noopener\">Mal<\/a>. The fund seeks to add some 10k units by the end of next year, Abdel Hamid said, adding that it is looking to increase private sector involvement in upcoming projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The fund <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad9274b2-7a3a-4827-ad19-258234827c22\/\" style=\"\" rel=\"noopener\">last received a boost<\/a> for its low-income housing program in March 2020, with the World Bank increasing the fund\u2019s loan by USD 500 mn. The Social Housing Fund was also reportedly on the lookout for an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/206270c9-fb36-4c38-b53f-6b7418c6229b\/admaius-inks-strategic-partnership-with-egyptian-pharma-player.\" style=\"\" rel=\"noopener\">EGP 50 bn syndicated loan<\/a> from four local banks back in March. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Green Climate Fund approved funding proposals for three multi-country sustainable development programs totaling USD 2.7 bn<\/p>\n","protected":false},"author":1,"featured_media":654020,"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":[7576],"tags":[147,101,72,5580],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-654019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development-finance","tag-climate-change","tag-development-finance","tag-enterpriseam","tag-social-housing-and-mortgage-finance-fund","wpautop","entry"],"acf":{"mongo_id":"de8427a1-a4f5-4e92-af95-c9478cae11e7","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2273.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt is in line for funds from the Green Climate Fund","related_issue":[654007],"teaser":"The Green Climate Fund approved funding proposals for three multi-country sustainable development programs totaling USD 2.7 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.fb6e9683-edd6-4da9-87f5-63ea7d579167.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Under a political declaration (pdf) with Egypt announced during President Joe Biden\u2019s visit to COP27 on Thursday, the US and Germany\u2026","rel":"","context":"In &quot;Development finance&quot;","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/187.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555144,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/03\/egypt-is-up-for-a-slice-of-blackrocks-new-climate-focused-em-infrastructure-fund\/","url_meta":{"origin":654019,"position":1},"title":"Egypt is up for a slice of BlackRock\u2019s new climate-focused EM infrastructure fund","author":"enterpriseam admin","date":"3 November 2021","format":false,"excerpt":"Egypt is among the \u201cattractive\u201d emerging markets in which BlackRock could be investing through its new USD 673 mn climate-focused infrastructure fund, BlackRock Alternative Investments\u2019 global head of renewable powers David Giordano tells Reuters. The new Climate Finance Partnership fund \u2014 backed by the French, German, and Japanese governments \u2014\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/303.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557234,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/12\/nbk-egypt-to-receive-usd-25-mn-from-ebrd-to-fund-green-energy-projects\/","url_meta":{"origin":654019,"position":2},"title":"NBK Egypt to receive USD 25 mn from EBRD to fund green energy projects","author":"enterpriseam admin","date":"12 September 2021","format":false,"excerpt":"The National Bank of Kuwait in Egypt (NBKE) is set to receive a USD 25 mn loan to fund green energy projects from the European Bank for Reconstruction and Development (EBRD), the bank announced in a statement. The funds will be lent on to Egyptian SMEs and individual households to\u2026","rel":"","context":"In &quot;Green economy&quot;","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":549237,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/08\/ebrd-could-commit-usd-1-3-bn-to-egypt-clean-energy-projects\/","url_meta":{"origin":654019,"position":3},"title":"EBRD could commit USD 1.3 bn to Egypt clean energy projects","author":"enterpriseam admin","date":"8 September 2022","format":false,"excerpt":"There was a whole lot of climate and green energy news coming out of Egypt yesterday as climate negotiators from around the world landed in Cairo for the opening day of the Egypt-International Cooperation Forum (Egypt-ICF). Officials from more than 20 African nations, global policymakers, international financial institutions and climate\u2026","rel":"","context":"In &quot;Climate&quot;","block_context":{"text":"Climate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/climate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/162.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576948,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/govt-wants-usd-15-bn-for-nine-food-water-and-energy-projects-under-nwfe\/","url_meta":{"origin":654019,"position":4},"title":"Gov\u2019t wants USD 15 bn for nine food, water and energy projects under NWFE","author":"enterpriseam admin","date":"3 November 2022","format":false,"excerpt":"The International Cooperation Ministry will seek blended finance for nine projects worth USD 15 bn in its Nexus on Water, Food and Energy (NWFE) program, the ministry said in a statement yesterday. The projects include a \u201cmassive energy project,\u201d five projects in the field of agriculture and food security, and\u2026","rel":"","context":"In &quot;Development finance&quot;","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":579284,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/01\/ebrd-and-partners-fund-more-green-finance-for-smes-ebrd-bii-lend-usd-100-mn-to-bdc\/","url_meta":{"origin":654019,"position":5},"title":"EBRD and partners fund more green finance for SMEs + EBRD, BII lend USD 100 mn to BdC","author":"enterpriseam admin","date":"1 February 2023","format":false,"excerpt":"DFIs to fund more green projects + privatization candidate BdC gets funding: More funding for green projects will be available to local SMEs courtesy of the European Bank for Reconstruction and Development (EBRD), the EU, and the Green Climate Fund. Meanwhile, EBRD and British International Investment said they would provide\u2026","rel":"","context":"In &quot;Development finance&quot;","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/6.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\/654019","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=654019"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/654019\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/654007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/654020"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=654019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=654019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=654019"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=654019"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=654019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}