The IFC – International Finance Corporation announced $605M investments in three major Egyptian projects, fostering sustainable tourism, climate finance, and SME development:
$300M Sustainability Bonds with Arab African International Bank, co-financed by EBRD and BII, to fund green initiatives and social projects.
$155M Green Tourism Investment in Orascom Development Egypt to enhance energy efficiency in Red Sea hotels.
$150M SME Financing via CIB Egypt, prioritizing women-owned businesses.
IFC VP Sergio Pimenta emphasized these initiatives as pivotal for financial inclusion and Egypt’s green economy transition.
Rania A. Al-Mashat hashtag#EgyptEconomy
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