The Chairman of the Management Board of Societe Generale Morocco, Mr. Ahmed El Yacoubi, welcomed today at the bank’s headquarters the Managing Director of BERD Morocco, Mr. Antoine Sallé de Chou as well as Mr. Jean-Christophe Filori, Head of Cooperation of the Delegation of the European Union in Morocco. This meeting saw the signing of a new partnership GCF-GEFF (Green Economy Financing Facilities) relating to the launch of a credit line of 25 million euros, intended to promote and strengthen sustainable investments in Morocco. This major event, organized in Casablanca on the sidelines of the European Union – African Union Summit in Brussels, also saw the participation by videoconference of the Director of the EBRD for the Southern and Eastern Mediterranean region, Ms. Heike Harmgart.
This new line of credit of 25 million euros is intended to finance sustainable investment projects developed by the private sector in Morocco, and more particularly projects relating to energy efficiency, renewable energies, the adoption of mitigating the effects of climate change as well as water and waste management. Moroccan companies will thus have the opportunity to benefit from a complementary and attractive offer combining access to financing and personalized support, thanks to the combined expertise of the bank and the EBRD in terms of sustainable investments.
This loan benefits from the financial support of the European Union and the Green Climate Fund as donors.
Privileged partner of the EBRD since 2012, Societe Generale Morocco aims, through this new financial agreement, to make a civic and responsible contribution to the positive transformations that the Kingdom is experiencing, in accordance with the High Royal Guidelines advocating the conduct of a green transition in Morocco. through building a sustainable, low-carbon economy that is resilient to climate change. In addition, this agreement between the EBRD and Société Générale Maroc also sets the objective of strengthening inclusion, particularly in its section relating to gender equity in terms of access to green financing.
