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EU Contribution: € 23.3 million grant
Partners: RBRD – EIB – AFD
In the framework of the Neighbourhood Investment Facility, the Green Economy Financing Facility - GEFF Egypt is established in 2015. It consists of loans to local banks for on-lending to private companies for energy efficiency and renewable energy projects. The EU, The European Bank for reconstruction and Development (EBRD) and thee European Investment Bank (EIB) and the French Development Agency are all contributing to the facility to further strengthen sustainable energy measures in Egypt.
This comprehensive programme for sustainable energy investments is supported by a € 23.3 million grant provided by the European Union Neighbourhood Investment Facility.
This EU-funded programme seeks to reinforce the role of the private sector in climate investment, reducing emissions and building a resilient environment in Egypt.