| Project Detail |
Provision of a senior unsecured loan of up to EUR 25 million in favour of Societe Generale Marocaine de Banques(SGMB), as part of a EUR 55m GEFF + Package (including also a EUR 30 million MidGEFF loan). Up to EUR 6.25 million is expected to be co-financed by the Green Climate Fund (GCF) and a comprehensive incentive grants and technical assistance package will be funded by the European Union,ias part of the Morocco Decarbonisation and Climate Resilience Programme (MDCR), as well as the GCF. The proceeds of the loan will be used by SGMB for on-lending to private companies to finance their climate change mitigation and adaptation investments in a gender-responsive way. Project Objectives The project will promote a green economy in Morocco by supporting private sector Moroccan MSMEs and Midcaps implementing climate change adaptation and mitigation investments in a gender-responsive way. The project will specifically target, among other things: small-scale renewable energy, energy efficiency, green buildings, circular economy, climate adaptation investments (with a particular focus on water efficiency and sustainable land management), digitalisation and blue economy investments. |
