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#climate

Egypt’s Ministry of Environment and the International Monetary Fund (IMF) met on 18 May to discuss a USD 1.2 billion (EGP 56.1 billion) long-term package to bolster the country’s climate policies and projects. This potential financing comes in light of the USD 8 bn (EGP 374 billion) expanded facility agreement in March 2024, which allows Egypt to apply for additional funding to combat climate change. The climate financing package falls under the IMF's Resilience and Sustainability Facility, designed to offer…