World Bank Supports Egypt's Transition to a Green Economy

The World Bank announced a support package directed at Egypt, aimed at accelerating the transition toward green and sustainable economic models, as part of broader efforts undertaken by the international institution to help developing countries adapt to current climate-related requirements.

This support comes at a time when Egypt is pursuing accelerated steps to reduce its dependence on fossil fuels and expand the share of renewable energy sources in its energy mix, including wind and solar energy, which the country possesses substantial natural potential for.

The announced support axes include developing green infrastructure, enhancing energy efficiency in key economic sectors such as industry, transport, and housing, as well as supporting government policies aimed at achieving sustainable development goals.

This announcement falls within a broader strategy pursued by the World Bank at the level of the Middle East and North Africa region, seeking to align paths of economic development with internationally agreed-upon climate objectives.