Finance package of $26 M for Morocco’s energy transition
The EBRD, GFC and EU partner on a finance package of up to $26.7 M (€25 M) to Banque Centrale Populaire (BCP) to support a green transition in Morocco.
Image source: ESI Africa
Morocco: The EBRD, GFC and EU partner on a finance package of up to $26.7 M (€25 M) to Banque Centrale Populaire (BCP) to support a green transition in Morocco.
This will be the third facility the European Bank for Reconstruction and Development (EBRD) provides to BCP under the Green Climate Fund’s (GCF) Green Economy Financing Facility (GEFF) Regional Framework. BCP will extend sub-loans to the private sector, particularly small and medium-sized enterprises, to foster investment into climate change mitigation and adaptation technologies.
The loan agreement was signed by Antoine Sallé de Chou, Director, Head of the Moroccan Resident Office of the EBRD, and Mohammed Kamal Mokdad, General Manager of BCP. The signing took place on the side-lines of the Casablanca stopover of BCP Group’s Les Régionales de l’Investissement roadshow, in the presence of Group President Mohamed Karim Mounir, as well as several of the country’s leading economic figures.
Source: ESI Africa
#Banque Centrale Populaire#energy transition#European Bank for Reconstruction and Development#funding#Morocco