The European Bank for Reconstruction and Development (EBRD) is supporting Morocco’s financial system and the country’s transition to a green economy by helping to develop its capital market.
At EBRD’s 31st Annual Meeting and Business Forum in Marrakech, the EBRD and Bank of Africa (BOA) signed a technical cooperation agreement to develop a green sustainable finance framework for BOA ahead of its first social bond issuance.
The Bank’s technical assistance will include an analysis to identify the main gaps in BOA’s capacity, resources, assets and processes following recognised green, social and sustainability bond standards. The EBRD will work with BOA to establish an action plan for the adoption and implementation of a sustainable finance framework in preparation for BOA’s issuance of green, social and sustainability bonds.
For more information