The GEFF Egypt II team continued its support to the USAID-sponsored TRADE program, which is focused on SME’s export growth. Team Leader of GEFF Egypt Mr. Emad Hassan was a guest speaker at the “Finance & Investment: A Catalyst for SMEs Export” event held at the Fairmont Nile Towers hotel on September 12, 2023.
Within a panel discussion titled “Green Financing and Green Initiatives.” that included other respectable speakers representing organizations concerned with SME’s growth and development, Mr. Hassan commenced with an insightful overview of the program, addressing critical inquiries about the product offerings during one of the toughest macroeconomic environment in Egypt.
Additionally, the session highlighted the continued success with green finance in general witnessed since the introduction of the GEFF platform by EBRD and other development partners. With various programs available now to provide finance for green investment, the market now needs assistance to understand how to develop projects and assess their commercial and environmental returns. Mr. Hassan a;sp explained the GEFF’s loan process, including Technical Assistance and the allocation of $175 million for GEFF II.
Notably, the event offered a pivotal platform for GEFF to address important questions related to their mission and emphasized its role as a catalyst for SMEs’ export potential. It also served as a testimony for collaboration between different development partners with similar objectives.