| Project Detail |
As permitted by paragraph 2.6 of Section III of the Access to Information Policy, disclosure of this PSD was deferred in accordance with paragraph 1.4.4 of the Directive on Access to Information. As per section 1.4.2 (iii) of the Directive on Access to Information: For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD. Provision of up to USD 25 million loan to Aya Gold & Silver Inc. to support its exploration programme at Boumadine. The transaction presents another opportunity to support the Company, which is an existing client of the EBRD via USD 100 million project finance loan provided for expansion and upgrade of Ayas Zgounder silver mine in Morocco. Project Objectives The project will enable to support an independent mining company in Morocco to diversify its portfolio and expand its production capabilities beyond the established Zgounder silver mine. |
