EBRD opens second office in Morocco

September 29, 2017
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The European Bank for Reconstruction and Development (EBRD) is strengthening its outreach in Morocco with the opening of a second office, in the city of Tangier in the north-west of the country. This is the first office of a multilateral development bank to open in the northern city. The office will target the local economy of the Tangier-Tétouan-Al Hoceima and Oriental regions.

Tangier is the capital of the Tangier-Tétouan-Al Hoceima region. The local economy is based on a network of small and medium-sized enterprises (SMEs) and manufacturing firms in the textile and leather, agribusiness and automotive industries. In addition, the port of Tangier Med is the second-largest in Africa and located 14 km from Europe.

The second EBRD office in Morocco was opened by EBRD Vice President, Banking, Alain Pilloux, in the presence of Philip Mikos, Head of Cooperation at the European Union Delegation to Morocco, Nezha El Ouafi,‎ State Secretary at the Ministry of Energy, Mines and Sustainable Development, Janet Heckman, EBRD Managing Director for the Southern and Eastern Mediterranean region, and Marie-Alexandra Veilleux-Laborie, EBRD Director, Head of Morocco.

EBRD Vice President Pilloux said: “The opening of our new office in Tangier confirms our determination to strengthen our activities in Morocco and specifically in the north of the country. One priority will be to promote regional inclusion and job creation.”


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Press Release

The European Bank for Reconstruction and Development

Countries covered:

  • Morocco