{"id":62682,"date":"2021-01-22T05:19:56","date_gmt":"2021-01-22T03:19:56","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=62682"},"modified":"2021-01-22T05:20:40","modified_gmt":"2021-01-22T03:20:40","slug":"ebrd-gets-e489-m-grants-in-2020-to-promote-green-economy","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/ebrd-gets-e489-m-grants-in-2020-to-promote-green-economy\/","title":{"rendered":"EBRD gets \u20ac489 m grants in 2020 to promote green economy"},"content":{"rendered":"<p dir=\"ltr\" style=\"text-align: left;\">The <a href=\"https:\/\/www.csregypt.com\/en\/egypt-teams-up-with-ebrd-unwto-for-tourism-recovery\/\">European Bank for Reconstruction and Development (EBRD)<\/a> got \u20ac489 million in grants and concessional finance in 2020 to build greener economies, boost small businesses, improve vital infrastructure and support its policy engagement and advisory services.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Governments and bilateral and multinational donors joined forces to deliver such indispensable support to address the impact of the <a href=\"https:\/\/www.ebrd.com\/what-we-do\/coronavirus\">coronavirus pandemic<\/a>\u00a0.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cWe are grateful for such strong trust among our donors as we jointly respond to both the crisis and early efforts to build back better,\u201d said Pierre Heilbronn, EBRD Vice President for Policy and Partnerships. \u201cIt is testimony to our successful business model and our ability to provide financial support and policy advice swiftly. Both were needed more than ever against the background of economic upheaval caused by the global pandemic.\u201d<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Donor funds are set to improve the everyday lives of millions of people in the Bank\u2019s regions from Morocco to Mongolia and Albania to Uzbekistan. They include increased support for renewable sources of energy to mitigate the impact of climate change, strategic road links to connect people and provide new trade opportunities as well as innovative online training to boost small businesses.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The\u00a0<a href=\"https:\/\/www.ebrd.com\/who-we-are\/structure-and-management\/shareholders\/european-union.html\">European Union<\/a>\u00a0was the largest donor to the EBRD\u2019s work in 2020 and also provided an unfunded guarantee worth \u20ac100 million to the Bank.\u00a0<a href=\"https:\/\/www.ebrd.com\/greece.html\">Greece<\/a>,\u00a0<a href=\"https:\/\/www.ebrd.com\/who-we-are\/structure-and-management\/shareholders\/switzerland.html\">Switzerland<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.ebrd.com\/who-we-are\/structure-and-management\/shareholders\/sweden.html\">Sweden<\/a> were the largest bilateral donors. In addition, the EBRD mobilized \u20ac75 million in contributions for the European Western Balkans Joint Fund and the Eastern Europe Energy Efficiency and Environment Partnership (E5P) Fund. Both funds are managed by the Bank and are also available to various other development finance institutions.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\n","protected":false},"excerpt":{"rendered":"<p>The European Bank for Reconstruction and Development (EBRD) got \u20ac489 million in grants and concessional finance in 2020 to build greener economies, boost small businesses, improve vital infrastructure and support its policy engagement and advisory services. Governments and bilateral and multinational donors joined forces to deliver such indispensable support to address the impact of the [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":62683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,6030],"tags":[6087,6246,6370],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EBRD gets \u20ac489 m grants in 2020 to promote green economy - Csr Egypt<\/title>\n<meta name=\"description\" content=\"EBRD got \u20ac489 million in grants and concessional finance in 2020 to build greener economies, boost SMEs, improve vital infrastructure\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/ebrd-gets-e489-m-grants-in-2020-to-promote-green-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD gets \u20ac489 m grants in 2020 to promote green economy - 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