In a strategic move that highlights its commitment to sustainability and financial inclusion, Bank Misr signed a $150 million financing agreement with the International Finance Corporation (IFC). This funding aims to boost the bank's green portfolio and support micro, small, and medium-sized enterprises (MSMEs), with a special focus on businesses owned by women. This initiative aligns with the bank's push towards a low-emission economy and its efforts to integrate climate risk considerations into its financing activities, following international best practices and directives from the Central Bank of Egypt. The funding is designed to expand climate-related projects, including those in renewable energy, green transportation, sustainable construction, and resource efficiency. The agreement also strengthens support for entrepreneurs, empowering them to grow and expand across various economic sectors, while extending financial services to new segments in different governorates.
Bank Misr Secures $150 Million IFC Funding to Boost Green Projects and Support Women Entrepreneurs
<p>Bank Misr has signed a $150 million financing agreement with the IFC. This funding will support green projects, including renewable energy, sustainable transportation, and eco-friendly construction. It also aims to boost women's participation in the economy and enhance financial inclusion.</p>
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