Arab Finance: The European Bank for Reconstruction and Development (EBRD) has signed financing agreements worth $60 million with the Commercial International Bank (CIB) to promote green projects and women-led companies in Egypt, Asharq Business reported.
A total of $50 million, including $7.5 million from the Green Climate Fund (GCF), will be directed toward financing investments in climate change resilience technologies.
The remaining $10 million will be used by EBRD to finance small firms run by women and boost women’s contributions to the state’s economy.