📋 Tender Overview
Project ID: 55811
Status: Concept Reviewed
Location: Egypt
Business Sector: Financial Institutions
Notice Type:Private
Environmental Category: FI
Approval Date: 30 May 2025
Disclosure date: 20 May 2025
Project Description
Provision of a senior unsecured loan to Suez Canal Bank ("SCB") of up to USD 25 million under the GCF GEFF Regional Egypt II framework ("GEFF"), of which up to USD 3.75 million is expected to be co-financed by the Green Climate Fund (GCF).
Project Objectives
The project will enable SCB (i) to support Egyptian households and private MSMEs for their investments in climate change adaptation and mitigation projects in a gender-responsive way, which is of particular relevance in the context of the high energy intensity of Egypt's economy, and (ii) to accelerate the uptake of high performance technologies and services supporting a green economy in Egypt. Sub-borrowers will include individual households and micro, small and medium-sized enterprises (MSMEs).
Transition Impact
ETI score:75
project supports the Green transition quality through the provision of funding and technical expertise to a financial intermediary to promote households and private sector MSMEs' investments in efficient climate change mitigation and adaptation technologies and services, accelerating the penetration of climate-reslient technologies, thereby supporting a green economy in Egypt.
