The European Bank for Reconstruction and Development (EBRD) – supported by the Green Climate Fund (GCF) and the European Union (EU) – is providing a financial package of up to €25 million to Credit Immobilier et Hotelier (CIH Bank) to support Morocco’s green transition.
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The European Bank for Reconstruction and Development (EBRD) is boosting renewable energy and energy efficiency in Egypt with a US$ 25 million loan to the National Bank of Kuwait Egypt (NBKE).
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The Green Climate Fund (GCF) Board has closed its twenty-eighth meeting, approving 15 new climate projects totaling USD 7.5 billion including USD 1.2 billion in GCF funding and USD 6.3 billion in co-financing, for low-emission, climate resilient development.
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The European Bank for Reconstruction and Development (EBRD) has organised a financing package of US$ 4 million to Tajikistan’s largest private lender Bank Eskhata (Eskhata) under its Green Economy Financing Facility (GEFF) to support green financing for households and small private-sector companies investing in green technology solutions.
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The signing of a syndicated US$95.3 million deal to support the construction of the Zhanatas 100 MW wind farm in southern Kazakhstan, marks a major milestone in the decarbonisation and diversification journey away from the country’s coal legacy.
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EBRD, EU and GCF to boost private sector’s climate action in Egypt
Green financing of €220 million to be made available through local financial institutions
Rapid economic growth in Kazakhstan has brought a sharp upswing in electricity demand and usage. Per-capita gross domestic product (GDP) increased from below US $ 6,000 in the mid-1990s to over US$ 27,000 in 2019 and the country looked on course to meet its mounting resource demands by harnessing the coal resources in the North East. In recent years,
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