The European Bank for Reconstruction and Development (EBRD), the Agence Francaise de Developpement (AFD), the European Investment Bank (EIB), and the European Union (EU) launched their new Green Economy Financing Facility (GEFF) for Egypt during an event held on Tuesday in Cairo. The event was attended by more than 250 participants, including government officials and representatives from the banking sector, business community, international institutions, and civil society. The GEFF programme comes with injected investments worth €140m. The program is supported by an EU grant worth €23.8m. The European Union Neighbourhood Investment Facility (EU NIF) is providing the funds for incentives to complete investments, while the comprehensive technical-assistance package is jointly funded by EU NIF and EBRD’s Shareholder Special Fund.

Source: Daily News Egypt March 21, 2017 14:07 UTC