The European Bank for Reconstruction & Development (EBRD) has approved a €20 million loan to Moroccan Bank “Crédit du Maroc” to boost green investment of SMEs and contribute to the development of value chains in the North African Kingdom. The EBRD funds will be extended as sub-loans to local SMEs that plan to invest in energy and resource efficiency measures and develop their participation in regional value chains. In June last year, the EBRD had approved a similar €20 million loan for Société Générale du Maroc to enable the bank support SMEs involved in value chains and their green investments. The loans are part of an EBRD program focusing on improving SMEs participation in value chains supported by the European Union and the green component is supported by the Green Climate Fund. Since 2012, the European Bank for Reconstruction & Development has invested around €2 billion in the country through 60 projects.

Source: The North Africa Journal February 05, 2020 15:11 UTC