The World Bank approved a $200 million loan to support Egypt’s initiatives to reduce air pollution in critical sectors and in Greater Cairo.
The six-year project will focus on reducing vehicle emissions, improving solid waste management, and boosting Egypt’s air and climate decision-making system, said the World Bank.
Although air pollution has decreased in Greater Cairo, the issue remains a significant health hazard that weighs heavily on residents’ quality of life and on the economy, the World Bank added.
Recent studies estimated the annual economic cost of air pollution on health in Greater Cairo alone at 1.4 percent of Egypt’s GDP, the bank stated.
Egypt’s Minister of International Cooperation Rania Al-Mashat said the project boosts the country’s green recovery plan.
“This operation is an integral part of our work to improve the quality of life for Egyptians, including the most vulnerable groups of society, enabling them to benefit from a whole array of development projects, while staying healthy and productive,” said Marina Wes, World Bank country director for Egypt, Yemen, and Djibouti.