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€20 million loan to BMCE Bank for energy efficiency | European Bank for Reconstruction & Development
European development banks are supporting Morocco’s sustainable energy development:

The four financial institutions are providing a €20 million financing facility to BMCE Bank and its leasing subsidiary Maghrebail.
The finance line is the first under the Morocco Sustainable Energy Financing Facility (MorSEFF), a comprehensive programme for sustainable energy investments through financial institutions.
The proceeds of this EBRD-led facility are dedicated to financing energy efficiency and small-scale renewable energy investments. BMCE Bank will on-lend to small and medium-sized enterprises and corporates in the commercial and industrial sectors, including commercial construction and energy service companies…[Full Story]