In the short term, the European Investment Bank’s most pressing priority in North Africa is to lend support to the victims of Morocco’s devastating earthquake. Longer term, the EIB’s aim in North Africa is to support sustainable development. This was the first project signed under the EU-Morocco Green Partnership and underscored the EIB’s commitment to supporting Morocco’s transition to low carbon, sustainable mobility. Eighty-six percent of Moroccan respondents to the EIB’s 2022 Climate Survey said climate change was already affecting their everyday lives. Supporting small and medium-sized enterprises is an essential component of the EIB’s commitment to sustainable development and has informed much of its lending in North Africa.
