Seeing green

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

By Julian Pecquet

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Posted on October 7, 2022 08:54

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