IFC partners Agricultural bank of Egypt to help farmers access financing for solar irrigation

 EGYPT – IFC, a member of the World Bank Group, and the Agricultural bank of Egypt (ABE) announced a partnership to help of Egyptian farmers access financing to purchase solar irrigation systems, reducing their reliance on diesel-powered generators and boosting their productivity. Through the partnership, IFC will help ABE build capacity and design new financial products to enable Egyptian farmers, most of whom lack direct access to grid electricity, to purchase and install solar irrigation pumps. “Expanding the use of solar energy technology among farmers is part of our strategy…

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