Multilateral banks laud Egypt’s Climate Finance Platform at COP29
Twelve multilateral development banks issued a joint statement at COP29 in Azerbaijan praising Egypt’s Nexus of Water, Food, and Energy (NWFE) program as a model for mobilising climate finance. The statement, titled “Country Platforms for Climate Action: MDB Statement of
Madbouly highlights significance of COP29 in reaffirming commitment to climate pledge ‘implementation’
Egypt’s Prime Minister Mostafa Madbouly emphasized the significance of the Baku Climate Change Conference, which is taking place amid regional and international crises, including wars, as well as increasing and unpredictable climate-related events. These challenges have led to significant economic
EBRD considers $200m debt finance for 1.1 GW Suez Wind Energy
The European Bank for Reconstruction and Development (EBRD) is considering senior debt financing of up to $200m in debt financing to support Suez Wind Energy, an Egyptian special purpose vehicle (SPV) established to build and operate a 1.1 GW wind
Egypt, UK strengthen ties, discuss investment, climate action
Egypt’s Minister of Planning and Economic Development, Rania Al-Mashat, welcomed Hamish Falconer, Parliamentary Under-Secretary of State (Middle East, North Africa, Afghanistan and Pakistan) at the Foreign, Commonwealth and Development Office of the United Kingdom, on his first visit to Egypt.
Egypt’s Irrigation Minister, World Bank discuss water cooperation at CWW
Egypt’s Minister of Water Resources and Irrigation, Hani Sweilem, met with Stefan Gumpert, Director of the World Bank Office in Egypt, and his accompanying delegation, where they reviewed the status of several areas of cooperation between the Ministry and the
Al-Mashat calls for expanding just financing for developing countries
Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, has called for expanding just financing for developing countries to help with their development and climate change efforts. This came as she participated as a keynote speaker in the
Al-Mashat, World Bank discuss expanding partnership – Dailynewsegypt
Egypt’s Minister of Planning, Economic Development and International Cooperation, Rania A. Al-Mashat, met with World Bank Country Director for Egypt, Yemen, and Djibouti, Stephane Guimbert, on Tuesday to discuss expanding the strategic partnership between the two institutions. The meeting, which