AfDB to Provide €83m Loan for Green Recovery in Egypt

  • AfDB to provide €83 million for Electricity and Green Growth Support Program.
  • The programme aims to support the private sector post-covid-19 recovery.

Malinne Blomberg, the AfDB’s Deputy Director-General for the North Africa Region, noted that the Bank would actively engage with the Egyptian government and private sector companies to support the country’s medium-term development plan and economic reforms, with a particular focus on economic infrastructure such as energy, transport, water and sanitation, as well as industrialization.

In addition to the African Development Bank, Agence Française de Développement and the Japan International Cooperation Agency have also provided financial support to Egypt’s Electricity and Green Growth Support Program.

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