The European Bank for Reconstruction and Development (EBRD) and Commercial International Bank (CIB) have signed a $60 million financing package to support green investments and women-led businesses in Egypt. This includes a $50 million Green Economy Financing Facility (GEFF II) loan, co-financed with $7.5 million from the Green Climate Fund (GCF), aimed at funding climate change mitigation technologies in various sectors. An additional $5.5 million in EU investment incentive grants will encourage local MSMEs to adopt green solutions.
A $10 million EBRD Women in Business loan is also part of the package, providing financial support, training, and mentoring for women-led small businesses. The agreements were signed at the EU Investment Conference in Cairo, with EBRD and CIB leaders emphasizing their commitment to Egypt’s green transition and female economic participation.