The European Bank for Reconstruction and Development (EBRD) granted a loan of 20 million euros to Societe Generale Morocco through an agreement signed Thursday, February 3 in Casablanca. The financing is intended to support green projects led by SMEs participating in certain value chains and industrial ecosystems.
“SMEs eligible for this program will be able to benefit from attractive support including financing, an investment subsidy and technical expertise to verify and optimize the viability of their green investment project. The acquisition of green equipment will allow them to offer more competitive products, increase their exports and access new markets by connecting to international companies”, details an EBRD press release.
This new green credit line benefits from the financial support of the European Union (EU) to the tune of 2 million euros, and from the Green Climate Fund.
