Green Climate Fund to offer $2.7B funding for Egypt, other countries

Updated 10/27/2024 9:22:00 AM
Green Climate Fund to offer $2.7B funding for Egypt, other countries

Arab Finance: The Green Climate Fund has approved funding proposals for three multi-country sustainable development programs, unleashing $2.687 billion in funding across several countries, including Egypt, Egyptian Minister of Environment Yasmine Fouad stated.

The funding comprises $1.295 billion for greening financial systems in 14 Asian and African countries, including Egypt.

This is in addition to a $130 million for an investment fund for resilient smart agriculture in 10 African countries, including Egypt.

The funding will also include a sum of $1.262 billion for expanding water-resilient infrastructure across 14 countries, including Egypt.

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