Egypt, EBRD Discuss Green Projects, COP27

Egypt, EBRD Discuss Green Projects, COP27

Egyptian Minister of International Cooperation Rania Al-Mashat met with Heike Harmgart, Managing Director for the Southern and Eastern Mediterranean (SEMED) region at the European Bank for Reconstruction and Development (EBRD), to discuss cooperation and joint initiatives during COP27 to be held in Sharm El-Sheikh next November.

The meeting especially discussed the “Nouwfi” program, and the promotion of soft development funds that will stimulate the private sector.

Al-Mashat highlighted the importance of supporting areas of cooperation in financing green projects in Egypt, and collaboration opportunities in light of the “Nouwfi” program to fund a variety of green government projects in the fields of energy, food, and water, which fall under the umbrella of the National Strategy for Climate Change 2050.

The meeting took place in the presence of Khalid Hamza, Director of the Bank’s Office in Egypt, and Mohamed Abdel Gawad, Head of Cooperation with International Finance Institutions and UN at the Ministry of International Cooperation.

Sarah Samir 2782 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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