EBRD, EU, GCF and Canada promote green lending in Morocco's private sector
Morocco, May 15 -- The European Bank for Reconstruction and Development (EBRD) is joining forces with the Green Climate Fund (GCF), the European Union (EU) and Canada through the EBRD's High-Impact Partnership on Climate Action (HIPCA) to boost access to finance for private businesses in Morocco through a €70 million loan to the Bank of Africa (BOA).The financing package will be provided through the EU-backed Morocco Decarbonisation and Climate resilience programme (GEFF+) in Morocco and will consist of a senior unsecured loan of up to €35 million to be provided by the GCF and a senior unsecured loan of up to €35 million co-financed by HIPCA.The facility will help BOA extend on-lending to Moroccan private-sector companies ...
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