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During COP24 taking place in Katowice, Poland, Luxembourg-EIB Climate Finance Platform (LCFP) officially signed an investment of EUR 5 million to the Green for Growth Fund (GGF) to support the fund’s lending for energy efficiency, resource efficiency and renewable energy measures in the Middle East and North Africa (MENA) region. Serving as a risk cushion, this investment helped the fund to attract further private investors, thus enhancing its outreach and impact.
This operation was first committed at a ceremony held during COP 23, the 2017 UN Climate Change Conference in Bonn, Germany. Since then, GGF’s outstanding portfolio in the MENA region has grown stronger to over EUR 110 million spread across 14 partner institutions and has generated cumulative sub-loans of...
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