{"id":75283,"date":"2022-02-16T23:02:54","date_gmt":"2022-02-16T21:02:54","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=75283"},"modified":"2022-02-16T23:02:54","modified_gmt":"2022-02-16T21:02:54","slug":"ebrd-gcf-eu-provide-e25-m-to-boost-moroccos-green-transition","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/ebrd-gcf-eu-provide-e25-m-to-boost-moroccos-green-transition\/","title":{"rendered":"EBRD, GCF, EU provide \u20ac25 m to boost Morocco\u2019s green transition"},"content":{"rendered":"<p dir=\"ltr\" style=\"text-align: left;\">The <a href=\"https:\/\/www.csregypt.com\/en\/ebrd-extends-egp-80-m-loan-to-support-egypts-women-entrepreneurs\/\">European Bank for Reconstruction and Development (EBRD)<\/a>, supported by the Green Climate Fund (GCF), and the European Union (EU), is providing a financial package of up to \u20ac25 million to Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Maroc to boost Morocco\u2019s green transition.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Maroc will lend on the financing \u2012 \u20ac23.75 million of which is being provided by the EBRD and \u20ac1.25 million of which by the GCF \u2012 in the form of sub-loans to local citizens, micro-, small and medium-sized enterprises (MSMEs) and other companies for investment in climate change mitigation and adaptation technologies.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The signing ceremony took place in Casablanca during the EU-Africa Business Forum 2022, which was held on the margins of the European Union \u2013 African Union Summit, in the presence of Heike Harmgart, EBRD Managing Director for the Southern and Eastern Mediterranean region, Antoine Sall\u00e9 de Chou, EBRD Head of Morocco, Jean-Christophe Filori, Head of Cooperation of the EU in Morocco and Ahmed El Yacoubi, President of the Board of Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Maroc.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The new EBRD financing comes under the Green Economy Financing Facility (GEFF) in Morocco, which is supported by the GCF. It is the second green facility provided by the EBRD to Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Maroc.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">A comprehensive technical capacity package, complemented by investment incentives and funded by the EBRD, the GCF and the European Union (EU), will support Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Maroc in implementing the program.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The program also aims to impart knowledge on and raise awareness of climate change mitigation and adaptation technologies among retail clients, MSMEs and corporates, as well as to provide project appraisal support and guide sub-borrowers to the optimal technology choices.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">As part of the package, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Maroc will also participate in activities aimed at enhancing gender equality, such as a \u201ctrain-the-trainers\u201d program on gender-responsive green finance, to help address gender-specific supply-and-demand obstacles.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Operating in Morocco since 1913, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Maroc is part of the Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group and a major participant in the development of the Moroccan economy.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Morocco is a founding member of the EBRD and became an investee economy in 2012. To date, the EBRD has invested close to \u20ac3.2 billion in the country through 80 projects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Bank for Reconstruction and Development (EBRD), supported by the Green Climate Fund (GCF), and the European Union (EU), is providing a financial package of up to \u20ac25 million to Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Maroc to boost Morocco\u2019s green transition. Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Maroc will lend on the financing \u2012 \u20ac23.75 million of which is being provided [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":75284,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6038,984],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EBRD, GCF, EU provide \u20ac25 m to boost Morocco\u2019s green transition - Csr Egypt<\/title>\n<meta name=\"description\" content=\"(EBRD), supported by the Green Climate Fund (GCF), and the European Union (EU), is providing a financial package of up to \u20ac25 million to Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Maroc to boost Morocco\u2019s green transition.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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