At a press conference, Ricardo Mourinho Félix, Vice-President of the European Investment Bank (EIB) in Morocco, highlighted the significant amount of funding mobilised by the Bank over the last five years, with a total of €2.5 billion invested to promote Morocco’s development and support its economic and financial health. This makes Morocco the recipient of the second largest volume of EIB support in the southern Mediterranean region.
Since 2017, the EIB has devoted around 40% of its financing to small and medium-sized enterprises (SMEs) and industry, 20% to renewable energy, 19% to sustainable transport and 16% to health and education.
In 2022, the Bank injected more than €381 million into Morocco’s economy, half of which went to infrastructure projects for environmental protection, renewable energy and energy efficiency. Doubling the disbursement volume in 2022 compared to 2021 reflects the EIB’s commitment to sustainable development and the energy transition. This is strengthening Morocco’s energy independence, reducing its greenhouse gas emissions and helping it develop a greener and more sustainable economy.
“We have accelerated the implementation of our projects in Morocco in all sectors of our activity. We have been working closely with our partners on the ground to provide financial and human resources in order to lend even stronger support to the country’s development,” said EIB Vice-President Ricardo Mourinho Félix at a presentation of the Bank’s work in Rabat. “With EIB Global, the EIB’s new development arm, we will further strengthen our local, regional and international partnerships to support projects with high economic and social impact for the benefit of all Moroccans.”