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TunisiaEBRD and ANP promote climate resilience of Moroccan port sector
The European Bank for Reconstruction and Development (EBRD) is enhancing the climate resilience of ports along Morocco’s Atlantic coastline by providing a €40 million loan to Agence Nationale des Ports (ANP).
The loan is the first to a Moroccan state-owned entity without a sovereign guarantee. It will comprise two tranches: a €15 million committed loan and €25 million of uncommitted capital. The loan will be supplemented by an investment grant of US$ 5.7 million from the Global Environment Facility (GEF).
The EBRD will also furnish ANP with a comprehensive technical capacity package, funded by a US$ 500,000 grant from the GEF and a US$ 1 million grant from the Bank itself. The package aims to provide systematic support for the climate resilience of Moroccan ports. It will lead to the establishment of a working group, comprising key stakeholders in the Moroccan port sector, to facilitate informed and climate-aware decision-making, as well as better environmental management and standards for ANP.
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Countries covered:
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Morocco
