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Lifc Invests Usd 150 Million to Support Green Finance in Egypt
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The International Finance Corporation (IFC), an investment arm of the World Bank Group, has signed a USD 150 million commitment with Misr Bank to develop green finance in Egypt. The operation aims at energy efficiency, renewable energy, sustainable transport and green buildings, with 20% of the loans reserved for women-owned SMEs, according to a press release released this Wednesday, February 18. The IFC has launched four other projects in Egypt…
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