Morocco

These are some of the key findings from the first African edition[i] of the European Investment Bank’s (EIB’s) 2022 Climate Survey. The EIB is the lending arm of the European Union and the world’s largest multilateral lender for climate action projects. Since 2018, the EIB has conducted similar large-scale climate surveys across Europe, China and the United States.

The European Investment Bank (EIB) and the Moroccan national railway company Office National des Chemins de Fer (ONCF) have announced the signature of a €200 million (MAD 2.1 billion) finance contract, accounting for 80% of an overall funding envelope of €250 million made available to ONCF. The remaining €50 million (MAD 527 million) is planned to be covered by a signature to take place in 2023.

The European Investment Bank (EIB) and Banque Centrale Populaire (BCP) have announced the signing of the first guarantee agreement under the EU Trade and Competitiveness Programme. Among the main priorities of this programme is strengthening access to finance for small and medium-sized enterprises (SMEs). The agreement will help to improve the competitiveness of Moroccan SMEs, particularly in the key export sectors of automotive, textiles, agro-industry and agriculture.