Key Takeaways
- The IFC $150 Million Egypt Green Finance Deal aims to boost climate-focused investments in Egypt through funding from IFC and Banque Misr.
- The deal will enhance access to green finance for renewable energy, energy efficiency, and sustainable transport projects, targeting micro, small, and medium enterprises.
- At least 20 percent of the loans from the deal will focus on women-owned businesses, promoting inclusive economic participation.
- The agreement also strengthens Egypt’s financial sector capacity by developing sustainable finance frameworks within local banks.
- IFC provides advisory services to support climate reporting and governance, contributing to Egypt’s overall climate finance ecosystem.
The IFC $150 Million Egypt Green Finance Deal was signed between the International Finance Corporation (IFC) and Banque Misr to support climate-focused investments in Egypt. The agreement was finalized in Cairo during the “Innovating for Resilience: Financing for a Sustainable Future” forum. The event was co-hosted by the World Bank Group and the Central Bank of Egypt.
The IFC $150 Million Egypt Green Finance Deal will provide funding to expand green lending in the country. Banque Misr will channel the financing to eligible businesses and projects aligned with climate objectives.
Objectives of the IFC $150 Million Egypt Green Finance Deal
The IFC $150 Million Egypt Green Finance Deal is designed to increase access to green finance across key sectors. Funding will support renewable energy, energy efficiency, green buildings, and sustainable transport projects. The facility aims to mobilize private sector participation in environmentally sustainable investments.
A portion of the financing is allocated to micro, small, and medium enterprises. At least 20 percent of the loans will target women-owned businesses. The structure of the deal supports inclusive economic participation while advancing climate priorities.
The agreement also strengthens Egypt’s financial sector capacity to manage climate-related investments. It supports the development of sustainable finance frameworks within local banking institutions.
Additional Initiatives Linked to the IFC $150 Million Egypt Green Finance Deal
The IFC $150 Million Egypt Green Finance Deal forms part of a broader IFC engagement strategy in Egypt. Alongside the financing, IFC is providing advisory services to financial institutions. These services include strengthening climate reporting, improving green transaction tracking, and enhancing governance practices.
IFC is also supporting projects aimed at expanding leasing and factoring services for MSMEs. Additional investments focus on healthcare production capacity and logistics infrastructure.
The combined initiatives contribute to Egypt’s climate finance ecosystem. They align with national sustainability goals and private sector development plans.
