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World Bank’s IFC signs $150mln financing deal for Egypt’s green finance

The International Finance Corporation (IFC), the investment arm of the World Bank Group, has signed a deal with Banque Misr to allocate $150 million for Egypt’s green finance sector. The financing agreement aligns with efforts to lower carbon emissions and close the financing gap faced by micro, small and medium enterprises (MSMEs), the backbone of Egypt’s private sector. [...]