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HomeNewsAfricaWorld Bank OKs $400m for decarbonising Egypt amid criticism ahead of COP...

World Bank OKs $400m for decarbonising Egypt amid criticism ahead of COP 27

Seeing green

By Julian Pecquet
Posted on Friday, 7 October 2022 10:54

World Bank President David Malpass attends the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 3, 2021. REUTERS/Yves Herman

The World Bank approved $400m in green financing for Egypt this week amid mounting criticism of the institution’s spending record for climate mitigation.

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