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Wednesday, 11 September 2019

Environment Ministry in talks with int’l lenders over USD 100 mn for eco-friendly projects

The Environment Ministry is in talks with international lenders for USD 100 mn to support eco-friendly projects, especially youth-led ones, to help create jobs, Minister Yasmin Fouad told Al Mal. The ministry will focus on youth-led projects that accelerate job creation among small and medium-sized businesses. Fouad did not say whether the support would come in the form of facilitated funds or grants, or which lenders the ministry has approached, but said the negotiations would take place in cooperation with the Investment Ministry.

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