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TunisiaEBRD and EU support crisis recovery in Morocco
The European Bank for Reconstruction and Development (EBRD) and the European Union are stepping up their support for businesses in Morocco, with a €6 million loan to Lamatem, a Moroccan producer of high-end medical garments. The financing will help the company increase its exports to European markets.
The investment will help Lamatem increase its supply of medical protective equipment and offer a more diverse range of products, through the use of a state-of-the-art sterilisation machine, to local and European medical suppliers.
At the same time, Lamatem will diversify its energy supply and boost the use of renewables, with the installation of a solar panel system on the roof of its production facilities. This will lead to significant savings in terms of energy and cost.
The EBRD and the EU are teaming up to build more competitive businesses and benefit the environment in the southern and eastern Mediterranean region as well as in eastern Europe and the Caucasus. The EU is supporting this effort with a guarantee of €100 million through the European Fund for Sustainable Development (EFSD), which is enabling investments by the EBRD and other private sector lenders amounting to more than €500 million.
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Countries covered:
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Morocco
