EBRD grants €200m loan to fund construction of port in Morocco

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The $8 billion climate investment funds (cif) accelerates climate action by empowering transformations in clean technology, energy access, climate resilience, and sustainable forests in developing and middle income countries. The CIF’s large-scale, low-cost, long-term financing lowers the risk and cost of climate financing. It tests new business models, builds track records in unproven.

Posted by: ESI Africa The inauguration of the Khalladi wind farm marks the official launch of the European Bank for Reconstruction and Development’s (EBRD) first private renewable project financed in Morocco. In 2015, the EBRD, the Banque Marocaine du Commerce Exterieur and the Climate Investment Funds’ Clean Technology Fund extended a loan of 120 million ($140 million) to [.]

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Fund Country/ Regional/Global Focal Area Programming of Funds (in $) (a) agency fee6 (b) Total c = a + b EBRD SCCF-A Morocco Climate Change 200,000 19,000 219,000 Total PPG Amount 200,000 19,000 219,000 5 On exceptional basis, PPG amount may.

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The SEMED Multi-Donor Account and the EBRD Shareholder Special Fund provide funding for management support and the implementation of an environmental and social action plan. Power and energy The rehabilitation of 12 small and medium-sized hydropower plants in Morocco is another example of how to integrate climate resilience with infrastructure.

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It will be co-financed by Nador West Med Company (SNWM), the European Bank for Reconstruction and Development (EBRD), the Arab Fund for Economic and Social Development (AFESD), and the African Development Bank Group (AfDB) through an AfDB loan. It will be implemented from 2014 to 2020.

 · EBRD loans $25m to Moldovan agri giant.. The company will use the debt financing to expand its grain terminal in the Moldovan port of Giurgiuleti on the Danube river, and to acquire and modernise a grain storage facility in the neighbouring port of Reni, in Ukraine.. Butterfly to devote 10% of fund’s net profits to food philanthropy.