Egypt’s Ministry of Planning, Economic Development and International Cooperation is hosting a high-level delegation this week from the Climate Investment Funds (CIF), the European Bank for Reconstruction and Development, the World Bank, the African Development Bank and the International Finance Corporation to push forward a landmark program aimed at cutting industrial emissions in developing economies.
The visit comes as Egypt positions itself at the forefront of global efforts to decarbonize heavy industry, having been selected as one of only seven countries worldwide to benefit from CIF’s newly launched concessional finance initiative — the first global program dedicated to reducing industrial greenhouse-gas emissions in developing nations.
$250 Million in Concessional Finance to Accelerate Industrial Green Transition
According to Planning and International Cooperation Minister Rania Al-Mashat, Egypt is set to receive up to $250 million in highly concessional financing, earmarked for priority green industrial projects aimed at reducing carbon intensity across strategic sectors.
The country will also receive a $500,000 technical-assistance grant to support the development of a comprehensive national investment plan for industrial decarbonization.
Additional blended finance — combining public funds, concessional loans, and private-sector investment — is expected from Egypt’s multilateral partners, including the EBRD, IFC, World Bank and African Development Bank.
Al-Mashat said the program reflects Egypt’s commitment to “a sustainable, low-carbon industrial economy” and aligns with the country’s long-term development strategy, Egypt Vision 2030.
Coordinated Effort Across Government, Industry and International Partners
The delegation will hold workshops with key ministries and private-sector stakeholders to outline the program’s mechanisms and assess Egypt’s industrial decarbonization needs.
The Ministry of Planning has already convened preparatory meetings with major government bodies — including the ministries of industry, petroleum, electricity, transport, environment and the public enterprise sector — to map priority interventions for reducing carbon emissions in heavy industries.
Al-Mashat emphasized that the CIF-backed program complements other ongoing initiatives to enhance the competitiveness of Egyptian exports and scale up green manufacturing, including the Sustainable Green Industries Program funded by the European Investment Bank.
Advancing Blended Finance Through Egypt’s “NWFE” Platform
The minister underscored the importance of blended finance, which leverages government resources, concessional development finance and private capital to maximize impact.
She noted that Egypt has already institutionalized this model through the NWFE national platform, designed to mobilize climate-aligned investments across critical sectors.
Part of a Global $1 Billion Clean Technology Fund Program
Egypt’s inclusion in the industrial decarbonization initiative follows a competitive selection among 26 countries. The program is part of CIF’s Clean Technology Fund (CTF) — a $9 billion global facility that uses capital-market instruments to mobilize private investment for sustainable and resilient development.
By securing early participation, Egypt aims to position itself as a regional leader in low-carbon industry and green economic transformation.
