Egypt borrows $200m from World Bank to curb pollution

Egypt has signed up for $200-million loan from the World Bank earmarked for the implementation of an air pollution project.

The financing, according to Environment Minister Yasmine Fawad, will support the ministry with accurate air quality monitoring devices to complement the monitoring system infrastructure, as part of the preparation for Cairo air pollution management project.

The Arab country has set up 108 air pollution monitoring plants in Greater Cairo, and endeavors to monitor air quality in remote areas of the North and Valley coast as well as the Red sea.

Last year, the country’s finance minister Mohamed Maait said Egypt has eligible green projects totaling $1.9 billion.

16 per cent of the projects are for renewable energy, while 19% are for clean transportation, 26% for sustainable water and wastewater management, and 39% for pollution prevention, Arab Finance reports.

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