The International Finance Corporation (IFC) has invested $605 million in three major projects in Egypt, targeting climate finance, sustainable tourism, and support for small and medium-sized enterprises (SMEs), News.az reports citing foreign media.

Baku hosted Monday a conference on “The Role of Small and Medium Businesses in the Green Economy", co-organized by the Azerbaijan’s Minister of Economy, the Ministry of Ecology and Natural Resources, Small and Medium Business Development Agency (KOBIA), News.Az reports citing Azertag.

Azerbaijan's Central Bank is crafting a "green taxonomy" to boost "green finance," Mukhtar Babayev, COP29 President-Designate, Minister of Ecology and Natural Resources, said on Monday.

Turkmenistan will host a scientific and practical conference on the digital and green economy, announced Deputy Chairman Hojamurat Geldimuradov at a Cabinet meeting.

Simon Stiell, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), met with the leadership of the European Investment Bank (EIB) to discuss climate financing in preparation for COP29.

The delegation led by the Chairman of the Central Bank of Azerbaijan (CBA) Taleh Kazimov met with Jamie Fergusson, the Global Director, Climate Business at the International Finance Corporation (IFC).

During this year’s United Nations climate conference COP29, host-country Azerbaijan will strive to act as a bridge-builder between all members of the international community, finding common ground among countries on key issues like climate finance and energy transition but also to advance the peace agenda as global conflicts continue to take a heavy toll on people’s lives and the environment.