The pioneering initiative, launched under the CIF’s Clean Technology Fund (CTF), is the first of its kind to focus exclusively on industrial decarbonization in emerging markets
Negotiations are underway over structural reforms linked to the economic component of Egypt’s national program, supported by the EU's €4 billion MFA
The meeting also delved into the investment plans for the current fiscal year, FY2024/2025, which allocate approximately EGP 99.9 billion to fund 48 key projects
This financing is part of a larger €5 billion support package from the EU, with €1 billion already received by the Egyptian government in December.
During the session, the ministers held bilateral talks to explore ways to deepen cooperation, emphasizing the importance of regular committee meetings to accelerate development and foster stronger ties
