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    Signature(s)

    Amount
    € 14,103,046.26
    Countries
    Sector(s)
    Egypt : € 14,103,046.26
    Credit lines : € 14,103,046.26
    Signature date(s)
    21/12/2022 : € 14,103,046.26
    Link to source

    Summary sheet

    Release date
    27 December 2022
    Status
    Reference
    Signed | 21/12/2022
    20140704
    Project name
    Promoter - financial intermediary
    EGYPT GREEN ECONOMY FINANCING FACILITY
    BANK OF ALEXANDRIA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 15 million (EUR 13 million)
    USD 30 million (EUR 26 million)
    Location
    Sector(s)
    Description
    Objectives

    Framework loan to AlexBank under Egypt GEFF (Green Economy Financing Facility) for private sector financing of green economy projects, including energy efficiency, renewable energy and a significant Climate Action component.

    The loan will provide financing to the projects undertaken by small, medium and mid-cap enterprises across Egypt to support the development of energy efficiency and small renewable energy projects in the private sector as well as climate change mitigation.

    Environmental aspects
    Procurement

    The Bank will require the intermediary institution to take all the requisite measures to ensure that the procedures including procurement procedures carried out by the final beneficiaries for the sub-projects receiving Bank financing will comply with national legislation and the ElB's Environmental and Social Standards as well as international treaties and conventions signed and ratified by or otherwise applicable and binding in the country.

    The Bank will require the intermediary institution to take all requisite measures to ensure that any procurement procedures carried out by final beneficiaries for the sub-projects that the Bank finances are in accordance with the Bank's Guide to Procurement.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - EGYPT GREEN ECONOMY FINANCING FACILITY
    Publication Date
    13 Jan 2023
    Document language
    Main Topic
    Lending
    Document Number
    74448966
    Document Focus
    Environmental Information
    Project Number
    20140704
    Sector(s)
    Countries
    Publicly available
    Download now

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