Emerging Markets Europe Finance Headlines International

EBRD, GCF, EU & Canada support Morocco’s green funding with €70 Mln Loan

The European Bank for Reconstruction and Development (EBRD), the Green Climate Fund (GCF), the European Union, and Canada through the EBRD’s High-Impact Partnership on Climate Action (HIPCA) have agreed to provide Moroccan Bank of Africa a €70 million loan destined to boost access to green finance for private sector and promote capacity building for women-led […]

Energy Europe Finance Headlines International Morocco

EBRD, EU, GCF Support Morocco’s Green Transition with €25 Mln Funding

The European Bank for Reconstruction and Development (EBRD), the Green Climate Fund (GCF) and the European Union (EU) have agreed to provide a financing package of up to €25million to Banque Centrale Populaire (BCP) to support Morocco’s green transition. This is the third facility provided to BCP under the GCF Green Economy Financing Facility (GEFF) […]

Egypt Energy Headlines

Egypt woes Green Climate Fund to finance six green energy projects

Egypt is seeking to obtain billions of dollars from the Green Climate Fund (GCF) to finance six green energy projects as the Arab country strives to tackle climate change issues. Egyptian Environment minister Yasmine Fouad made the announcement Tuesday as she met with GCF CEO Yannick Glemarec, report says. Yasmine Fouad indicated that her country […]

Business Energy Europe Finance Headlines International Morocco

Morocco’s green transition gets €25 Mln funding from EBRD, GCF & EU

The European Bank for Reconstruction and Development (EBRD), supported by the Green Climate Fund (GCF) and the European Union, provides €25 million to Banque Marocaine pour le Commerce et l’Industrie (BMCI) to support Morocco’s green transition. The financing, of which a total of €23.75 million will be provided by the EBRD and €1.25 million by […]

Europe Headlines International Morocco

Climate Resilience: Morocco Gets EBRD-GCF Funding for Irrigation Project

Moroccan Saïss Water Conservation Project has gained support from the European Bank for Reconstruction & Development (EBRD) and the Green Climate Fund (GCF). EBRD and partners are extending US$ 207 million for irrigation infrastructure projects that will protect agricultural production from the impacts of climate change. According to Craig Davies, EBRD Head of Climate Resilience […]