Friday April 19th, 2024
Download SceneNow app
Copied

World Bank's MIGA to Invest in Egypt's Green Development

By funneling direct investments into private sector companies, MIGA will help Egypt take on challenges like transportation, wastewater management and renewable energy.

Cairo Scene

World Bank's MIGA to Invest in Egypt's Green Development

Egypt has reaffirmed its commitment to developing a greener, more sustainable economy by 2035 with the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group.


By funneling direct investments into private sector companies, MIGA will help Egypt take on challenges like transportation, wastewater management and renewable energy, with Aswan’s Benban Solar Park highlighted as one such major undertaking.


MIGA has been an important partner in Egypt’s development efforts, providing investments worth USD500 million in the past few years. Established in 1988, MIGA aims to encourage the flow of investments into emerging economies to support economic growth, reduce poverty, and improve living conditions.

×