The Morocco is among the economies in the region having attracted the largest share of EBRD investments, i.e. 530 million euros in 12 projects, of which 59% was allocated to the green economy. This is a record both in terms of volume and share of investment.
In detail, the institution claims to have supported its first climate adaptation project in the Moroccan industrial sector, by granting a loan of 200 million euros to the OCP Groupworld leader in phosphate-based fertilizers. This flagship project, intended to develop two new factories desalinationstrengthens water security in Morocco and supports the phosphate giant’s objective of eliminating the use of fresh water in industrial production by 2030.
The EBRD also continued to support the economy of the West Bank and of Gazaproviding 67 million euros in loans and investments, with a focus on developing small businesses in the West Bank through credit lines and business facilities through local banks. Likewise, the Bank made its first equity investment in this region in 2024, investing in the Bank of Palestine, as well as the Ibtikar venture capital fund.
Between 2017 and 2024, the EBRD financed 30 transactions worth €157.4 million, while 150 small businesses benefited from advisory support. The SEMED region also continued to benefit from strong support from donors, including the European Union (EU), the EBRD SEMED Multi-Donor Account, the Green Climate Fund, the Global Concessional Financing Facility and other bilateral and multilateral donors. Furthermore, under the EBRD’s Small Business Advice programme, 437 companies in the region received consultancy services and training in 2024, half of which were financed by the EU.
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