Biodiversity > Blended finance fund raises $50 mln to protect Egypt’s coral reef

Blended finance fund raises $50 mln to protect Egypt’s coral reef

Published 14:46 on July 11, 2024  /  Last updated at 14:47 on July 11, 2024  / /  Biodiversity, EMEA

A $50-million fund to protect Egypt's coral reef has been launched this week under the Egyptian Red Sea Initiative, a newly established programme supported by the US Agency for International Development (USAID) and the UN-backed Global Fund for Coral Reefs (GFCR).
A $50-million fund to protect Egypt's coral reef has been launched this week under the Egyptian Red Sea Initiative, a newly established programme supported by the US Agency for International Development (USAID) and the UN-backed Global Fund for Coral Reefs (GFCR).


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