| Project Detail |
Provision of a senior unsecured loan to Suez Canal Bank (SCB) of up to USD 25 million under the GCF GEFF Regional Egypt II framework (GEFF), of which up to USD 3.75 million is expected to be co-financed by the Green Climate Fund (GCF). Project Objectives The project will enable SCB (i) to support Egyptian households and private MSMEs for their investments in climate change adaptation and mitigation projects in a gender-responsive way, which is of particular relevance in the context of the high energy intensity of Egypts economy, and (ii) to accelerate the uptake of high performance technologies and services supporting a green economy in Egypt. Sub-borrowers will include individual households and micro, small and medium-sized enterprises (MSMEs). |
