In Egypt, GEFF provides finance and advice for private sector businesses to improve competitiveness, through high performance technologies and practices. The facility supports Egypt’s green economy transition with €140 million of financing for energy efficiency and small-scale renewable energy investments. Companies can request from banks participating in the facility:
The technical support is provided by a local GEFF team for various stages of project origination, investment appraisal and project implementation. This helps identify the best solutions and ensure quality green economy projects are successfully financed. The Facility in Egypt is a product of the European Bank for Reconstruction and Development (EBRD), working in cooperation with the Agence Française de Développement (AFD) and the European Investment Bank (EIB). GEFF’s partnership with donors is central to promoting the green economy. Donors provide critical support to GEFF projects that mitigate or build resilience to the effects of climate change and other environmental threats. The Facility in Egypt is supported by the European Union Neighbourhood Investment Facility and the EBRD Shareholders Special Fund. The Facility operates through participating financial institutions in Egypt.
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