EBRD supports Credit du Maroc with €50 million green financing package
Morocco, Dec. 11 -- The European Bank for Reconstruction and Development (EBRD) and its partners are providing a financing package of up to €50 million to Credit du Maroc to support private-sector investment in green projects in Morocco. The Bank's funding is complemented by donor support from the Green Climate Fund (GCF), the European Union (EU), and Canada through the EBRD's High-Impact Partnership on Climate Action (HIPCA)*.Provided under the EU-backed Morocco Decarbonisation and Climate Resilience programme, this comprehensive Green Economy Financing Facility (GEFF) Plus package combines two complementary facilities designed to accelerate Morocco's transition to a green economy, helping both small and medium-sized enterprises (SME...
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