APA-Rabat (Morocco) The European Investment Bank (EIB) has confirmed its commitment to Morocco by investing a total of €320 million in the country by 2023. This contribution has been materialized through the signature of five loan contracts, the latest of which was signed on December 29 with MedZ to support its development program for technopoles and economic activity zones, with an envelope of 115 million euros.
Since its inception in Morocco in 1979, the EIB’s cumulative investment in the country has reached over 9.85 billion euros, underlining its long-term commitment to the Kingdom’s economic development.
The most recent loan contract, signed with MedZ, a subsidiary of the CDG Group, forms part of an ambitious program focused on the development of technopoles and economic activity zones, with an emphasis on environmental initiatives.
The EIB also signed loan contracts for strategic projects such as Morocco’s inclusive and sustainable forest management project, with financing of 100 million euros over a five-year period (2024-2028), and the reinforcement of support for Moroccan micro, small and medium-sized enterprises, with a €25-million loan to CaixaBank.
A further loan contract for €50 million was signed in February 2023 with Banque Centrale Populaire (BCP) as part of the European Union’s Trade and Competitiveness Programme.
These EIB investments are designed to facilitate access to financing, support the integration of companies into local and international value chains, and contribute to Morocco’s overall economic development.
With these €320 million invested in 2023, the EIB maintains its position as Morocco’s key financial partner, announcing further financing pledges, including €1 billion for the post-earthquake reconstruction program and €500 million in collaboration with the Mohammed VI Investment Fund.
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