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TunisiaThe European Bank for Reconstruction and Development and Société Générale Maroc support green investments and value chain development in Morocco
The European Bank for Reconstruction and Development (EBRD) is providing Société Générale Maroc with a €20 million loan, as the first partner bank under this new credit line, which is designed for SMEs involved in value chains and their green investments.
The loan is part of an EBRD programme focusing on improving SME participation in value chains supported by the European Union and the green component is supported by the Green Climate Fund.
Promoting greener economies is a priority for the EBRD, which has successfully implemented the Morocco Sustainable Energy Financing Facility (MorSEFF), a credit line focusing on energy efficiency.
Since the start of its engagement in Morocco in 2012, the EBRD has invested over €1.8 billion, in 52 projects that also include financing for sustainable energy and infrastructure in addition to providing business advise to more than 550 Moroccan SMEs.
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