Environment Minister Yasmine Fouad said the launch of the Green Economy Financing Facility (GEFF) encourages the private sector to engage in funding climate projects. Fouad’s remarks came during a speech that she delivered on Tuesday on the occasion of initiating the (GEFF EGYPT II), by the European Bank for Reconstruction and Development and the Green Climate Fund. The event was attended by International Cooperation Minister Rania el-Mashat and EU Ambassador in Cairo Christian Berger. The environment minister underlined the importance of restructuring the banking sector in Egypt to become more understanding of climate financing, as this issue faces challenges that are related to several sec
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